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Affordability Calculator

Estimate the home price you can comfortably afford based on your income, monthly debts, down payment, and a target debt-to-income ratio. We show both the maximum a lender would likely allow and a more conservative comfortable number.

Your numbers

$

Before taxes, all borrowers combined

$

Cars, student loans, minimum credit card

$
%

Illustrative example rate. Not an available or quoted rate.

yrs
%

36% is conservative, 43% to 45% is common

%

Annual, as % of home price

%

Annual, as % of home price

$

Leave at zero if no HOA

Plain-English summary

Based on a 36% total debt-to-income target, you could qualify for a home around $412,613. A more conservative target of 28% housing-only suggests something closer to $392,041.

Estimated affordability

Target home price$412,613
Loan amount$352,613
Estimated monthly (PITI)$2,820
Maximum allowed payment$2,820
Resulting total DTI36.0%

A more conservative target

Comfortable home price$392,041

Based on a 28% front-end DTI, the classic banker rule of thumb where housing alone sits at or below 28% of gross income.

Results are estimates based on user inputs and do not represent loan terms, APR, or a financing offer. Pre-filled values are illustrative examples, not available or quoted rates. Actual terms depend on credit, property, program, and underwriting.

Want a real number, not an estimate?

Talk it through with a loan officer to understand what you actually qualify for based on your real credit and documented income. Free, no pressure.

Discuss Your Scenario

Frequently asked questions

How does this calculator decide what you can afford?
It works backward from a target debt-to-income (DTI) ratio. You set the maximum percent of monthly income that should go to housing plus other debts, and the calculator solves for the home price that fits.
What DTI should I target?
Most loan programs cap total DTI between 43% and 50%. Comfortable is usually lower, many buyers feel best when housing is at or under 28% of gross monthly income.
Why is the result different from what a lender will offer?
Lenders use your full credit profile, documented income, and program-specific overlays. This calculator is a directional starting point. Treat the output as a ceiling, not a target.

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Related reading

Want the story behind the numbers?

  • ArticleHow much house can you actually afford?The plain-English version of what this calculator is doing.Read
  • ArticleWhat does pre-approval actually mean?Turn your number into a real preapproval letter.Read
  • ArticleHow much do you need for a down payment?How down payment size shifts your affordable price.Read

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