Affordability Calculator
Find out how much home you can afford based on your income, debts, and down payment.
You can afford up to
$340,000
Maximum home price
Comfortable budget
$305,000
Max loan amount
$290,000
Estimated monthly payment
Projected Debt-to-Income Ratio
Most lenders prefer a DTI below 43%. Lower is better for approval odds and rates.
The 28/36 Rule
Lenders typically use these guidelines to determine how much you can afford:
Housing Ratio
Your monthly housing costs should not exceed 28% of your gross monthly income.
Your max: $2,333/mo
Total Debt Ratio
Your total monthly debts (including housing) should not exceed 36% of gross income.
Your max: $3,000/mo
Calculator Disclaimer: This calculator provides estimates based on the information you enter and should not be used to make financial decisions. Actual affordability may vary based on credit score, employment history, and other factors. Contact us for a personalized pre-approval. NMLS #2783717. Equal Housing Lender.
Want to know your exact budget?
Get pre-approved for a personalized amount based on your complete financial picture.