House affordability
Enter your numbers — the results update instantly.
Worked example
Given: Annual gross income = 90,000; Other monthly debts = 500; Down payment = 40,000; Mortgage rate (yearly) = 6.5 %; Term (years) = 30; Property tax (of the price, yearly) = 1 %; Insurance (yearly) = 1,500; Monthly fees (HOA / service charge) = 0; Housing cap (of income) = 28 %; Total debt cap (of income) = 36 %
Result: Home price you can afford = 311,409.42; Loan amount = 271,409.42; Monthly housing cost (total) = 2,100; Monthly loan payment = 1,715.49; Monthly property tax = 259.51
How it is calculated
1. Enter the values you know. 2. The calculator converts them to base units and applies the formula. 3. The result is shown in the unit you choose.
Frequently asked questions
How do I calculate it?
Given: Annual gross income = 90,000; Other monthly debts = 500; Down payment = 40,000; Mortgage rate (yearly) = 6.5 %; Term (years) = 30; Property tax (of the price, yearly) = 1 %; Insurance (yearly) = 1,500; Monthly fees (HOA / service charge) = 0; Housing cap (of income) = 28 %; Total debt cap (of income) = 36 %. Result: Home price you can afford = 311,409.42; Loan amount = 271,409.42; Monthly housing cost (total) = 2,100; Monthly loan payment = 1,715.49; Monthly property tax = 259.51.
Is the calculator free and private?
Yes. It is free, needs no sign-up and runs in your browser — the numbers you type stay on your device.