House Affordability Calculator CalculatorScale.com

How Much House Can I Afford?

DTI & Budget Models

There are two House Affordability Calculators that can be used to estimate an affordable purchase amount for a house based on either household income-to-debt estimates or fixed monthly budgets. They are mainly intended for use by U.S. residents.

Choose between two specialized mortgage qualification engines to determine your realistic home buying budget:

1. Income & DTI ModelUses standard lender guidelines (28/36 rule, FHA 31/43, VA 41%) to calculate the maximum loan banks will approve based on your salary and existing debt payments.
2. Fixed Monthly Budget ModelDetermines the maximum home price that fits exactly within your chosen out-of-pocket monthly housing allowance (including taxes, insurance, HOA, and maintenance).

Income, Debts & Loan Criteria

$
salary + other incomes (before tax)
$
car, student loans, credit cards, etc.
yrs
%
%
Affordable Home Purchase Limit
You Can Afford a House Up To:
$411,044
Down Payment: $82,209 (20%)
Loan: $328,835

Monthly Payment Breakdown

Mortgage Payment (P&I):
$2,114.93
Property Taxes:
$513.81
Homeowners Insurance:
$171.27
Total Monthly Housing Cost:$2,800.00

Monthly Housing Cost Distribution

Total/mo$2,800
Principal & Interest
$2,115
Property Tax
$514
Home Insurance
$171
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