Home Affordability Calculator
Find out how much home you can comfortably afford based on your income, expenses, and loan terms. Get a clear picture of your buying power before you start your search.
Note to template buyer: To activate this calculator, a subscription is required. If you do not intend to subscribe, you may remove this page or hide it from SEO and your site menu.
You can afford a a home priced at $0
Ideal Price Range
Estimated Monthly Payment
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Loan Information
Your Finances
Other Monthly Costs
Why Home Affordability Matters
Many buyers focus only on the purchase price, but monthly affordability is just as important. Beyond the mortgage itself, you’ll need to consider recurring costs like property taxes, insurance, HOA fees, and private mortgage insurance (PMI). Factoring these in early helps avoid surprises and ensures your home fits your lifestyle and budget.
What Influences Your Affordability
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Income & Debts: Your yearly salary and recurring debts shape how much lenders will approve.
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Down Payment: A higher down payment reduces your loan amount and monthly payments.
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Loan Terms & Interest Rate: The length and rate of your mortgage affect your monthly costs.
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Additional Expenses: Taxes, insurance, and HOA fees all contribute to your overall affordability.
Using This Information
The calculator gives you an estimate, not a final approval. For exact numbers, you’ll want to connect with a lender who can provide a pre-approval based on your full financial picture. Still, this tool is a powerful first step in helping you shop smarter and with confidence.
Understanding Home Affordability
Buying a home is one of the biggest financial decisions you’ll make, and knowing what you can comfortably afford is the first step toward a successful purchase. Our Home Affordability Calculator helps you estimate the ideal price range for your next home by factoring in your income, debts, down payment, loan terms, and monthly expenses.