Mortgage Affordability Calculator
Calculate how much house you can afford with our free mortgage affordability calculator. This mortgage affordability calculator determines maximum home price based on income and debts. Use this mortgage affordability calculator to understand required down payment and monthly costs. Our mortgage affordability calculator includes DTI analysis for realistic home buying budgets.
Join Other Stock Investors
Get free stock market news & insights delivered to your inbox.
No spam. Unsubscribe anytime.
Mortgage Affordability Calculator Inputs
Before-tax household income
Car loans, student loans, credit cards, etc.
20% avoids PMI, minimum typically 3-5%
Current mortgage rates vary by credit score
Annual rate (typically 0.5% - 2.5%)
Estimated homeowners insurance
If applicable (typically $100-$500)
Maximum Home Price
$0
Based on 28/36 DTI guidelines
Maximum Loan
$0
Down Payment
$0
Monthly Payment
$0
Back-End DTI
0.0%
Excellent DTI Ratios
Your debt-to-income ratios are within conventional lending standards. Most lenders prefer front-end DTI under 28% and back-end DTI under 36%.
Affordability Details
Monthly Payment Breakdown
Monthly Income Allocation
Understanding Your Mortgage Affordability Calculator Results
A mortgage affordability calculator determines how much house you can afford based on income, debts, and lending standards. This mortgage affordability calculator uses the 28/36 rule to calculate maximum home prices. Use this mortgage affordability calculator to understand DTI requirements and required down payments. Our mortgage affordability calculator helps you set realistic home buying budgets.
Key affordability metrics:
- Front-End DTI (Housing Ratio): Housing payment ÷ gross monthly income. Lenders prefer under 28%
- Back-End DTI (Total Debt Ratio): All debt payments ÷ gross monthly income. Lenders prefer under 36%
- 28/36 Rule: Traditional guideline where housing costs shouldn't exceed 28% of income and total debt shouldn't exceed 36%
- Down Payment: 20% avoids PMI; FHA loans allow as low as 3.5%
Using this mortgage affordability calculator: Enter your income and existing debts. The mortgage affordability calculator determines your maximum home price based on conventional lending standards. This mortgage affordability calculator includes all housing costs: principal, interest, taxes, and insurance (PITI). Remember that the mortgage affordability calculator shows maximums - budget conservatively for unexpected expenses and lifestyle needs.
Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.
Join Other Stock Investors
Get free stock market news & insights delivered to your inbox.
No spam. Unsubscribe anytime.