Tool

Mortgage Affordability Calculator

Determine how large a mortgage you can afford using income, debt ratios, and housing expenses.

Estimate a comfortable home price, loan size, and monthly obligation based on your income and obligations.

Understanding the Mortgage Affordability Calculator

Determine how large a mortgage you can afford using income, debt ratios, and housing expenses. Pairs income-based debt limits with realistic taxes, insurance, and HOA expectations.

When to use the Mortgage Affordability Calculator

Pairs income-based debt limits with realistic taxes, insurance, and HOA expectations. Adjust housing assumptions to confirm what price range keeps payments within budget.

Calculator

Interactive inputs

Adjust the values below to preview how the tool behaves.

Annual Gross Income($)Monthly Debt Payments($)Interest Rate(%)Loan Term(years)Down Payment (%)(%)Property Tax Rate (%)(%)Insurance Rate (%)(%)HOA or Maintenance ($)($)

Outputs

Live

Affordable Home Price

$468,128.58

Max Loan Amount

$374,502.87

Monthly Mortgage P&I

$2,245.33

Taxes + Insurance

$604.67

Frequently asked questions

What inputs drive the Mortgage Affordability Calculator?

Focus on annual income, monthly debts, target loan term, and expected housing expenses to shape the outcome.

How should I act on Mortgage Affordability Calculator results?

Adjust housing assumptions to confirm what price range keeps payments within budget.