Home Affordability Calculator
The home price you can actually afford.
Uses the 28/36 rule to estimate the max home price given your income and debts.
What you enter
- Gross annual income
- Monthly debt payments
- Down payment
- Mortgage APR
- Loan term (years)
Worked example
With the default inputs:
- Gross annual income: $120,000
- Monthly debt payments: $600
- Down payment: $60,000
- Mortgage APR: 6.5%
- Loan term (years): 30
| Max home price | $534,632.46 |
|---|---|
| Max monthly P&I | $3,000.00 |
| Max loan amount | $474,632.46 |