Home Affordability Calculator

PUT YOUR NUMBERS TO WORK

How much house could you afford?

Compare my 40% budgeting guideline with a 50% qualification example. Both percentages include your housing payment and your existing debts. Start with the sample numbers, then make them your own.

Read the explanation behind the calculator ↗

This uses the full loan payment formula rather than the blog’s rounded $65 shortcut, so results will differ slightly. The sample taxes and insurance total $500 a month; these are placeholders. Mortgage insurance is not calculated automatically and may change with the loan amount, down payment, credit, and program. Financed upfront fees are not included.

These are planning estimates, not a preapproval or promise of eligibility. The 40% guideline does not account for all living expenses or guarantee comfort. Buying at the top of your approval can make sense when you understand your finances. Consider take home pay, childcare, utilities, maintenance, savings, and closing costs before deciding.