Mortgage Affordability Calculator
Estimate a comfortable home price range.
Use income, debt, and housing costs to estimate a maximum mortgage payment, loan amount, and home price.
Your information
Total DTI is housing + other debt. Housing budget is what’s left after your monthly debt payments.
Results
Output based on the inputs above.
Max monthly housing payment
$2,300
Max principal & interest payment
$1,850
Estimated max loan
$308,564
Estimated max home price
$368,564
Estimated max home price: $368,564 with a monthly housing budget of $2,300.
Definitions
- DTI
- Debt-to-income ratio. Here, total DTI = (housing payment + other debt) ÷ gross income.
- HOA
- Homeowners association.
- USD
- United States dollars.
Assumptions
- Uses max total DTI: housing + other debt. Housing budget = income × (total DTI %) − monthly debt.
- Taxes, insurance, and HOA reduce the available P&I payment.
- Mortgage payment is principal + interest only.
Last updated: 2026-02-01
FAQ
Does this include taxes and insurance?
Yes, you can add estimated monthly taxes and insurance to reduce the payment budget.
Is this a pre-approval?
No. Lenders use additional criteria beyond this estimate.
What DTI should I use?
Common guidelines range from 28% to 36%, but it varies by lender.