Monthly affordability
Starts with income, subtracts debts and recurring costs, then calculates the mortgage payment available within the selected ratio.
Real Estate
Home affordability calculator
Estimate the home price you could consider and see whether income, debts, down payment or initial cash is the limiting factor.
Publicidad
How to interpret the result
The main figure is an estimated range. Focus on the binding constraint and how the scenario changes when actual costs are added.
Initial cash
The price may also be limited by the down payment, purchase costs and available cash—not only by the monthly payment.
Target home
If you enter a target price, the calculator shows the monthly shortfall, cash shortfall and approximate required income.
Related tools
After estimating your range, explore monthly payments, amortization and closing costs.
Frequently asked questions
How is home affordability calculated?
The calculator estimates a debt limit from income, subtracts debts and monthly costs, and converts the available mortgage payment into an approximate loan using the rate and term.
What is the debt-to-income ratio?
It is the percentage of monthly income allocated to current debts, housing costs and the mortgage payment. A higher ratio leaves less room for other expenses.
Which upfront costs should I consider besides the down payment?
Costs may include closing fees, appraisal, commissions, taxes, moving and other expenses. The calculator therefore accepts both a percentage and a fixed amount.
Does the calculator guarantee approval?
No. This is an educational estimate. Actual approval depends on the lender, credit history, income verification, property, insurance, fees and current terms.
Should I include insurance, property tax or maintenance?
Yes. Enter them as additional monthly costs to avoid an overly optimistic result.