Estimate how much you may be able to afford based on your income, debt level, and other factors.
This calculator uses your debt-to-income ratio (DTI) to determine the maximum loan amount. Here, we use a simplified "back-end" approach that measures how much of your income goes to all debt payments, including a new mortgage. Lenders may use additional DTI methods and consider information such as your credit score and earnings history when making lending decisions.
Remember, just because you can borrow a certain amount doesn't mean you should. For personalized guidance, talk with a qualified financial professional.
Enter your pre-tax income. Buying with a partner? Include their income too.
Don't know your tax rate? Home listings include annual property taxes, so divide that figure by the home's value to get the rate.
Estimated Price You Can Afford
Maximum affordability calculations include both income, debt, and mortgage variables.
Adjust your interest rate, down payment, and other factors to see the impact.
Your maximum home value estimate of reflects the highest purchase price you may qualify for based on your calculator inputs:
The total monthly payment estimate bundles your principal and interest payment with other costs typically included in mortgage payments. That way, you see your full estimated payment at a glance.
Some calculator values, like private mortgage insurance (PMI) rates, tax percentages, and homeowners insurance rates, are based on national averages. Your actual costs may be higher or lower.
