House Affordability Calculator
The price range your income and debts actually support.
Enter your values
Enter the gross annual income in $.
Enter the monthly debt payments in $.
Enter the down payment saved in $.
Enter the interest rate in %.
Enter the term in years.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Maximum home price
- $323,546.51
- Maximum loan
- $273,546.51
- Max total housing payment
- $2,216.67
- Principal & interest portion
- $1,729.00
Quick answer
Lenders generally allow housing costs up to 28% of gross income and total debt up to 36%, which sets the maximum home price you qualify for.
At a glance
| What it does | The price range your income and debts actually support. |
|---|---|
| Category | Finance |
| Inputs needed | Gross annual income, Monthly debt payments, Down payment saved, Interest rate, Term |
| Main output | Maximum home price |
| Cost | Free — no sign-up, no download |
How to use the House Affordability Calculator
- 1Enter your gross annual income and existing debt payments.
- 2Add your down payment and the current rate.
- 3Read the affordable price range.
Inputs explained
- Gross annual income($)
- Enter the gross annual income in $.
- Monthly debt payments($)
- Enter the monthly debt payments in $.
- Down payment saved($)
- Enter the down payment saved in $.
- Interest rate(%)
- Enter the interest rate in %.
- Term(years)
- Enter the term in years.
Worked example
Using the values the calculator loads with:
Inputs
- Gross annual income95000 $
- Monthly debt payments500 $
- Down payment saved50000 $
- Interest rate6.5 %
- Term30 years
Results
- Maximum home price$323,546.51
- Maximum loan$273,546.51
- Max total housing payment$2,216.67
- Principal & interest portion$1,729.00
Frequently asked questions
Should I borrow the maximum?
Rarely. The maximum is what a lender allows, not what leaves room for savings, repairs and rate changes — many buyers target 20–25% of income.
Why is 22% held back?
Property tax, insurance and possible HOA fees take a meaningful slice of the housing budget before principal and interest.
What do I need to enter into the House Affordability Calculator?
Just 5 values: gross annual income, monthly debt payments, down payment saved, interest rate, term. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the House Affordability Calculator work out the answer?
Lenders generally allow housing costs up to 28% of gross income and total debt up to 36%, which sets the maximum home price you qualify for. The working is shown step by step so you can verify the result by hand.
Is the House Affordability Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.