Home Affordability Calculator
Based on your income, debts, and down payment, see the home price range that fits your financial profile using standard lending guidelines.
Your Financial Profile
Uses industry-standard 28/43 debt-to-income ratios.
💡 The 28/43 Rule
Your housing payment (PITI) should be under 28% of gross monthly income, and all monthly debt payments under 43%. These are the thresholds most conventional lenders apply. FHA loans are sometimes more flexible.
Affordability Range
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How affordability is calculated
This calculator applies the two standard debt-to-income ratio tests lenders use to qualify borrowers:
Front-end ratio (28%): Your total monthly housing costs — mortgage, taxes, insurance — should be no more than 28% of your gross monthly income.
Back-end ratio (43%): All monthly debt payments combined — housing plus car loans, student loans, credit cards — should not exceed 43% of gross monthly income.
The calculator uses the more restrictive of the two limits to give you a conservative, realistic number. Actual lender approval will also depend on your credit score, employment history, and the specific loan program you're applying for. Read our buyer's guide →
💡 Improve Your Buying Power
Paying down existing debts before applying is often the fastest way to increase your affordable price range — it directly reduces your back-end DTI. Improving your credit score above 740 can also unlock significantly better rates.
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Rates shown are representative estimates. Actual offers depend on credit score, loan amount, and location. View full rate table →
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