Calculate how much home you can afford based on your income, or find your max loan amount from a desired monthly payment
Fill out the form to see your results
Enter your income, debts, and down payment to calculate how much home you can afford
Lenders typically use two ratios: 28% of your gross income for housing costs (front-end ratio) and 36% for total debt including housing (back-end ratio). This calculator uses the more conservative of the two.
Your monthly payment includes principal, interest, property taxes, homeowners insurance, and HOA fees (if applicable). This gives you a realistic picture of your total housing costs.
Credit score, employment history, savings, and debt levels all impact what you can qualify for. A higher down payment or better credit score can increase your purchasing power.
This is a starting point. For a more accurate assessment, get pre-approved with a lender. I can help you understand your options and connect you with trusted lenders if needed.