Mortgage Affordability Calculator
Mortgage Affordability Calculator
Find out how much house you can afford based on your income, debt, and down payment.
Max House Price
$378,000
Monthly Payment
$1,867
Financial Details
Monthly Income:
$6,667
Debt-to-Income Ratio:
35.5%
* Based on conservative lending guidelines: housing costs under 28% of gross monthly income and total debt payments under 36%.
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Homebuying Tips
Save for a 20% Down Payment
Putting down 20% helps you avoid PMI (Private Mortgage Insurance), which can save you hundreds each month.
Improve Your Credit Score
A higher credit score can help you qualify for better interest rates, potentially saving thousands over the life of your loan.
Consider All Costs
Remember to budget for property taxes, insurance, maintenance, and HOA fees when calculating affordability.
Get Pre-Approved
A pre-approval letter strengthens your offer and helps you understand your true budget.
Disclaimer
This mortgage affordability calculator is provided for informational purposes only and should not be considered financial advice. The calculations are estimates based on the information you provide and general lending guidelines. Actual loan terms, payment amounts, and qualification criteria will vary based on your personal financial situation, credit history, and the specific lender’s requirements.
We recommend consulting with a qualified mortgage professional or financial advisor before making any decisions related to home financing. Interest rates and lending policies change regularly, and your personal situation may affect your eligibility and terms.
Affiliate Disclosure: Our website contains affiliate links, which means we may earn a commission if you click on or make purchases through these links. This does not affect our editorial independence or the recommendations we make. The featured mortgage offers on this page are from our affiliate partners, and we receive compensation for qualified leads or applications.