HOME BUYING, EQUITY, AND BORROWING
Home Affordability Calculator
Work backward from a monthly housing budget to estimate a home price and loan amount for a fixed-rate scenario.
Review your result
Your result
Ready when you are.
Enter your values and select Calculate. Your result stays on this device.
How it works
The available principal-and-interest payment is converted to a loan amount using the fixed-rate mortgage payment formula, then the down payment is added.
Assumptions
Uses only the budget and assumptions entered. It does not evaluate credit, debt-to-income, lender requirements, or local housing costs.
About this calculator
Home affordability is a budget scenario, not a credit decision. It works backward from the monthly payment you choose and leaves lender qualification, other debts, and local ownership costs visible as separate considerations.
How to use it
- Start with a housing budget that already leaves room for other needs.
- Enter an estimated down payment and monthly non-loan housing costs.
- Test current rate and term scenarios.
- Compare the result with your total debt, savings, and a lender’s preapproval process.
Use case
how much house can I afford: a clear planning check
Work backward from a monthly housing budget to estimate a home price and loan amount for a fixed-rate scenario. The stated formula, assumptions, and result limits remain visible so the calculation can be checked in context.
Use a clear how much house can I afford scenario with values you can verify before relying on the result.
Source and update
Last reviewed: 2026-08-08
Consumer Financial Protection Bureau mortgage guidanceFrequently asked questions
How much house can I afford?
The answer depends on income, debts, credit, down payment, taxes, insurance, interest rate, and lender rules. This calculator only models the payment assumptions you enter.
Does this include debt-to-income rules?
No. Use the related debt-to-income calculator as a separate planning check and rely on lender underwriting for eligibility.
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