Home Affordability Calculator

Your Ultimate Home Affordability Calculator

Financial Inputs

Monthly Gross Income ($) ?

Your total income before taxes and deductions each month.

Total Monthly Debts ($) ?

Sum of all minimum monthly payments on debts like credit cards, car loans, student loans, etc. (Do NOT include potential mortgage payment here).

Available Down Payment ($) ?

The amount of money you have saved to put towards the purchase of a home.

Interest Rate (%) ?

The annual interest rate for your potential mortgage.

Loan Term (Years) ?

The number of years over which you will repay the mortgage (e.g., 15, 30 years).

Estimated Home Costs & Fees

Annual Property Tax Rate (%) ?

The annual property tax rate as a percentage of the home's value (e.g., 1.2% means 0.012).

Annual Home Insurance ($) ?

Your estimated annual homeowner's insurance premium.

Monthly HOA Fees ($) ?

Any monthly Homeowner's Association fees for condos or certain communities.

Annual PMI Rate (%) (if applicable) ?

Private Mortgage Insurance (PMI) is usually required if your down payment is less than 20%. Enter as an annual percentage of the loan amount.

Your Affordability Results

Maximum Affordable Home Price

Estimated Monthly Mortgage Payment

Estimated Loan Amount

Total Monthly Housing Cost (PITI + HOA)

Debt-to-Income Ratio (DTI)

Housing Ratio (Front-End DTI)

Detailed Amortization Schedule

Shows payment breakdown for the estimated loan amount.

Month	Payment	Interest Paid	Principal Paid	Remaining Balance

Down Payment Savings Goal

Visualize your progress towards your desired down payment.

Desired Down Payment ($)

Monthly Savings ($)

Months to Reach Goal 0

Savings Progress

0%

Current Available Down Payment: