Home Affordability Calculator
Estimates the home price you can afford from income, debts and down payment.
Every calculation runs instantly in your browser, so your inputs are never sent to a server, and the tool is free with no sign-up. You can save the results as an Excel file with live formulas and reuse them later.
Inputs
- Annual income (gross) ($)
- Monthly debt payments ($)
- Down payment ($)
- Mortgage rate (APR) (%)
- Loan term (years)
Example calculation
Home you can afford: $372,243
| Max mortgage payment | $2,100.00 |
|---|---|
| Max loan amount | $332,243 |
| Down payment | $40,000 |
Method & notes
Uses 28% front-end / 36% back-end DTI rules. Payment is principal & interest only (excludes tax, insurance, HOA). Estimate.
Tips
Change any input and the result recalculates in real time. After downloading the Excel file, you can reuse it by editing only the yellow input cells.
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.
Can I save the results?
Yes. You can download the results for free as an Excel (.xlsx) file with live formulas that recalculate when you change the yellow input cells.
Is it free?
Yes — all Calcova calculators are free, and you can save results as an Excel file.