Home Affordability Calculator
Estimates the home price you can afford from income, debts and down payment.
Inputs
- Annual income (gross) ($)
- Monthly debt payments ($)
- Down payment ($)
- Mortgage rate (APR) (%)
- Loan term (years)
Example
Home you can afford: $372,243
| Max mortgage payment | $2,100.00 |
|---|---|
| Max loan amount | $332,243 |
| Down payment | $40,000 |
How it works
Uses 28% front-end / 36% back-end DTI rules. Payment is principal & interest only (excludes tax, insurance, HOA). Estimate.
FAQ
How does the Home Affordability Calculator work?
Estimates the home price you can afford from income, debts and down payment. Uses 28% front-end / 36% back-end DTI rules. Payment is principal & interest only (excludes tax, insurance, HOA). Estimate.
Is the Home Affordability Calculator free?
Yes — every calculator on Calcova is free and you can download the results to Excel.