Home Affordability Calculator

💰 Your Financial Details

Monthly Gross Income ? This is what you earn each month before taxes. Lenders use this to see what you can comfortably afford.

Before taxes, in your local currency.

Monthly Debt Payments ? This includes car loans, credit cards, student loans, and any other monthly payments. It helps show how much you have left over for a mortgage.

Loans, credit cards, car payments, etc.

Down Payment Amount ? This is the money you'll pay upfront when buying. A larger down payment often means lower monthly payments and better loan terms.

Interest Rate (Annual %) ? This is what the lender charges for borrowing money. Even small differences in rate can change your monthly payment significantly.

Loan Term ? This is how many years you'll take to pay back the loan. A 30-year loan has lower monthly payments but costs more in interest over time.

Max Total DTI (%) ? This is the maximum percentage of your income that lenders typically allow for all debts combined. Most lenders prefer 36% or less.

Common guideline: 36% total debt-to-income.

📊 Estimated Affordability

Fill in your details and click calculate to see your estimate.

Estimated Home Price ? This is the maximum home price you might afford based on your income and debts. Actual approval depends on your full financial profile.

Estimated Loan Amount ? This is how much you'd need to borrow after your down payment. It's the home price minus what you're putting down.

Estimated Monthly Mortgage Payment ? This is what you'd typically pay each month for your mortgage. Remember that property taxes and insurance will add to this amount.

Housing-Only DTI (Front-End) ? This shows what percentage of your income goes just to housing. Lenders generally prefer this to be 28% or less.

This is an estimate for educational purposes only and not a loan approval.

Home Affordability Calculator

💰 Your Financial Details

📊 Estimated Affordability

Ready to Take the Next Step?