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Mortgage Affordability Calculator

Mortgage Affordability Calculator

Estimate how much house you can afford.

Considering homeownership but don’t know how much you can afford? In less than five minutes, get results to help you determine a home price and monthly mortgage payment that fits you current financial needs.

Mortgage Affordability Calculator

How much house can I afford?

Answer three questions to find out. It takes less than five minutes to complete and see your results.

Question 1 of 3

If you’re buying a home with a partner, include gross income for both you and your partner.

Enter in a dollar amount greater than $0
Question 2 of 3

Include your minimum payments for credit cards, student loans, car payments, child support, etc. Do not include living expenses, such as rent or food.

Enter in a dollar amount of $0 or more
Question 3 of 3

This is the amount you pay upfront. It can be as low as $0, depending on the type of loan.

Enter in a dollar amount of $0 or more
For an individual, annual gross income equals the total amount of money earned in one year, before taxes.
Enter in a dollar amount greater than $0
Include monthly payments on revolving debts, alimony, child support and other recurring monthly obligations.
Enter in a dollar amount of $0 or more
The cash put toward the purchase of a home to make up the difference between the purchase price and the mortgage loan - usually a percent of the purchase price, i.e. '5% down'
Enter in a dollar amount of $0 or more
The duration of time it takes to pay off the loan.
The amount you'll pay each year to borrow the money, expressed as a percentage.
Enter in a valid interest rate
Taxes paid based on the value of the property.
Enter in a dollar amount greater than $0
A form of property insurance that covers losses and damages to an individual's house and to assets in the home.
Enter in a dollar amount greater than $0
Private Mortgage Insurance protects the lender in the event the borrower defaults on a loan with a downpayment of less than 20% and is included in the monthly payment.
Fees paid to an organization of homeowners of a particular subdivision, condominium, or planned unit development.
Enter in a dollar amount greater than $0

We’re having trouble calculating how much house you can afford. Please make sure all fields to the left are filled out correctly before continuing.

Your debt-to-income (DTI) ratio is above 45%. DTI is one of the main ways lenders determine whether you qualify for a mortgage. A DTI below 36% is ideal. The lower your DTI, the more likely you are to qualify for a home loan. Speak with a loan officer today to discuss what options may be available to you.

Read How to Qualify for Your First Home Loan article.

Select the type of payment plan you want depending on your financial situation

Your debt-to-income (DTI) ratio is 35%. You’ll have a comfortable cushion to cover things such as food, utilities and entertainment.

Your debt-to-income (DTI) ratio is 45%. To be in the best position to purchase a home, you may need to pay down some of your debt.

When using the calculator, please remember the dollar amounts displayed are not guaranteed. Actual payments may differ. Estimates are for illustrative and educational purposes only. The results of any loan calculator are not intended to be, and should not be considered, a decision of or commitment to the loan type or amount for which you may qualify.


Your perspective is important to us and helps us see where we’re hitting the mark and where there might be areas to improve.