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🏠 Home Affordability Calculator — Max Home Price + Safe Monthly Payment

Use income, debts, down payment, rate, DTI target, and taxes/insurance to estimate a realistic budget.

📌 Enter Your Details

We convert this to monthly automatically.
We convert this to monthly automatically.
✅ What this calculator does
We use your DTI target to calculate a “safe” max monthly housing payment:
Max total debt payment = Monthly income × DTI%
Max housing = Max total debt payment − Monthly debts
Then we convert the remaining budget into a max loan amount using standard mortgage math.
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How to Use a Home Affordability Calculator (DTI-Based)

Home affordability is mainly about whether your monthly payment fits comfortably into your income after debts. Many lenders and buyers use a DTI (Debt-to-Income) target to keep payments realistic. This calculator estimates your maximum home price and a safe monthly payment using your inputs.

Quick idea: If your monthly income is $7,500 and your DTI target is 36%, your max total monthly debt payment is about $2,700. If your other debts are $700, your housing budget becomes about $2,000 per month (including taxes/insurance if you choose).

What counts as “debts”?

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Frequently Asked Questions

1) What is a “safe” DTI target?

Many people aim for 36% total DTI. Some prefer lower (30–33%) for extra comfort.

2) Should I include taxes and insurance in the housing payment?

Yes — it usually gives the most realistic budget, because those costs are paid monthly in many loans.

3) Why does interest rate change the max home price so much?

Your monthly PI payment is heavily affected by the rate, so the same budget supports a smaller loan at higher rates.

4) Does this include closing costs?

No — this is affordability based on monthly payment. Use the Closing Costs Calculator to estimate cash-to-close.

5) Is this accurate worldwide?

The math is universal. Local rules (taxes, insurance, lending limits) vary, so treat results as a planning estimate.