Home Affordability Calculator

See what price could fit your income, then check it on a real loan.

Your budget

Gross monthly household income iIncome before taxes. A lender determines which income qualifies and verifies it against your documents.

Monthly debt payments iInclude recurring monthly debt payments such as car loans, credit cards, student loans and child support. Do not enter your future housing payment here.

Down payment iThe percentage of the home price you plan to pay upfront. In dollar mode, your entered cash amount stays fixed as the estimated price changes.

Interest rate iAn illustrative note rate, not APR or a rate quote. The actual rate and fees depend on your loan and credit.

Compare market rates

State

Property taxes iUse a property-specific estimate from the taxing authority. Taxes, assessments and exemptions can change after purchase; a listing or prior tax bill may not reflect your future bill.

= $500/mo

Use a local tax estimate

State

County

Choose a county to fill the annual rate. You can still edit the tax amount.

Homeowners insurance iUse an insurance quote for this property. The default is an example; flood or windstorm coverage may cost extra.

HOA dues iHomeowners association dues if the property has an HOA. Choose /yr if it bills annually.

DTI target: 43% iDebt-to-income compares monthly debts plus modeled housing costs with gross monthly income. This is your chosen planning target, not a lending limit or approval.

Conservative · 30%Maximum estimate · 50%

Your estimate

Estimated home price

Estimated loan amount

Estimated monthly housing payment

Principal & interest

Property taxes

Insurance

Mortgage insurance (PMI)

HOA dues

Down payment

Estimated cash needed

Rough cash estimate = down payment + 3% of home price for closing costs. Taxes, insurance, prepaid costs and actual lender fees may differ. Use the closing-cost worksheet.

Based on your selected DTI target and a 30-year conventional payment with the 740–759 credit band for PMI. Actual eligibility, credit, loan limits and cash requirements vary.

Check this number on a real loan

Check this price on a Conventional loan →Check it on FHA →Check it on VA →See my cash to close →

Educational affordability estimate, not an approval, prequalification or complete household budget. The target is a planning choice; a lender must verify income, debts, credit, assets, property, program requirements and applicable limits.

Compare current market rates

National averages from Optimal Blue, not a personalized quote. Actual pricing depends on your credit, down payment, loan details and discount points. Check the date shown below. These averages do not change the rate entered in your calculator.

Source: Optimal Blue Mortgage Market Indices (OBMMI). Open market rates in a new tab.

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