How much house can you afford?
Enter income, debts and savings to see a comfortable price and the most a lender might approve.
Comfortable home price
$605,600
Payment $3,849/mo · stretch up to $790,500
- Principal & interest$2,95176.7%
- Property tax$55514.4%
- Homeowners insurance$1413.7%
- Mortgage insurance$2025.3%
- HOA or condo fee$00.0%
- Loan amount
- $485,600
- Down payment share
- 19.8%
- Total debt ratio
- 32.7%
- Estimated cash to close
- $138,168down payment + 3% costs
Estimates only, for illustration, on a fixed-rate loan. Not a pre-approval or a commitment to lend: approval depends on credit, reserves, the programme and underwriting.
Lenders compare your housing payment and total debts with gross monthly income.
Comfortable keeps room for savings; stretch is a ceiling, not a target.
Estimates for illustration only. Ratios use gross monthly income; the housing payment includes principal, interest, property tax, insurance, PMI under 20% down and any HOA fee. Every figure is a sample, not a quote.
How we estimate affordability
Every number above is an estimate. A loan officer can replace assumptions with your actual taxes, insurance quotes and pricing.
Talk to a loan officerComfortable budget
Uses a 28% housing ratio and 36% total debt ratio. This leaves room for savings, childcare and the surprises that come with owning a home.
Stretch budget
Lets total debt reach 43% of gross income, the qualified-mortgage line many conventional and FHA approvals work to. Possible, but tighter month to month.
Your debts
Include minimum payments on car loans, student loans, credit cards and personal loans. Do not include rent, utilities or phone bills.
Taxes and insurance
Property tax and insurance are part of the housing payment lenders count, so higher-tax towns lower the price you can afford.
Common questions
We recommend shopping near the comfortable price and treating the stretch number as a ceiling for the right home, not a target.
Yes. When your down payment is under 20%, the estimate includes mortgage insurance at 0.5% of the loan per year.
Use your average net income from the last two years of tax returns, after business expenses. That is closer to what a lender will use.
Turn estimates into real numbers
Get a pre-approval with your actual rate, taxes and cash to close. Soft credit check, and a local loan officer follows up the same day.
- Soft credit check
- 24-day average close
- 4.9 from 1,284 reviews
