How Much Mortgage Can I Afford Calculator

Estimate a comfortable home price using your income, debts, property taxes, insurance, and HOA. Built around the lender-favorite 28/36 rule.

How it works

The calculator checks housing ratio (28% of gross income) and total debt-to-income (36–43% depending on program). It then backs into a target payment and estimated home price.

Inputs you need

• Gross monthly income
• Monthly debts (auto, student loans, cards, child support)
• Down payment amount
• Estimated taxes, insurance, and HOA for your area

Example

$8,000 gross income, $400 debts → target housing ≤ $2,240. Subtract $400 taxes + $120 insurance + $80 HOA + $70 PMI ≈ $1,570 left for principal & interest. That maps to roughly a $300k–$325k loan at 6.5% for 30 years.

FAQ

• Does student debt count? Yes, lenders use the reported payment or an imputed percentage of balance.
• Can I stretch above 36%? Some programs allow up to ~45% with strong credit and reserves.
• Should I include utilities? Not in DTI, but include them in your personal budget.

Run your affordability in the live tool: open affordability mode or start with the main mortgage calculator.