Home Affordability Calculator
Find out how much house you can afford based on your income, debts, and down payment.
Income & Debts
Loan Details
Results
Maximum home price (43% DTI)
$467,392.72
Conservative estimate (28% front-end)
$368,510.95
Max loan amount
$407,392.72
Max monthly housing budget
$2,725.00
Based on 43% max DTI (conventional mortgage guideline). Conservative estimate uses 28% front-end ratio. Always consult a lender for a real pre-approval.
How Home Affordability Is Calculated
Lenders use two ratios to determine how much home you can afford. The front-end ratio limits housing costs (PITI: principal, interest, taxes, insurance) to 28% of gross monthly income. The back-end ratio limits total monthly debts (housing plus all other obligations) to 43% of gross monthly income for conventional loans.
Maximum vs. Comfortable
Just because you qualify for the maximum doesn't mean you should borrow it. Lenders approve loans based on income ratios, not lifestyle costs. Factor in home maintenance (1–2% of home value per year), utilities, HOA fees, and your other financial goals before committing to a purchase price.
Get Pre-Approved
This calculator provides an estimate based on standard guidelines. Your actual approval amount depends on credit score, debt history, assets, and the lender's specific requirements. Get pre-approved before house hunting so you know your true buying power.