Home Affordability Calculator

Use our free home affordability calculator to see how much you can afford on a home. It calculates your affordability based on your monthly income and expenses.

To use, input your monthly income, expenses and the mortgage rate.

This will help you figure out just how much you can afford on your home every month.

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Affordability Calculator by MortgageLoan.com

Note: This is an estimate only.

Calculator results do not reflect individual programs and their loan limits. They also do not reflect all loan types.

This home affordability calculator result is based on the income-to-debt ratio.

Frequently Asked Questions

How do you calculate the home price YOU can afford?

To come to an estimate for your “home much home can I afford”, it takes your basic items. The three main items are your income, down payment, and debt and expenses.

It’s based on an income to debt ratio and takes your available funds for the down payment into account.

Income – This is the monthly income you get regularly. It includes salary, investment income, and freelance income.

Down Payment – How much you can put down for a home matter in your affordability. This is how much cash you have on hand that you can put towards the house. Include the money you have for closing costs.

Debt and expenses – Your monthly debt payment includes all obligations you may have. This can be credit cards, auto payments, student loans, insurance etc.


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