how much house can i afford
mortgage affordability calculator
home buying power
income to mortgage calculator
Home Affordability
Stop dreaming and start planning. Find out exactly how much home you can afford based on your income and debts.
Last Updated: March 1, 2025
# What is Home Affordability?
A Home Affordability Calculator estimates the maximum property price you can purchase based on your income, monthly debts, down payment, and current interest rates.
# How Does Home Affordability Work?
- 1Enter your Annual Gross Income.
- 2Input your Monthly Debts (credit cards, loans).
- 3Set your Down Payment and Interest Rate.
- 4The tool calculates your max home price using Debt-to-Income (DTI) ratios.
# Formula Used
`Max Payment = (Income * DTI) - Debts`# Common Use Cases
Setting a budget for house hunting.
Understanding how debts affect buying power.
Planning necessary down payment savings.
# Why Use This Tool?
Realism: Avoid falling in love with homes you can't finance.
DTI Analysis: See how lenders view your financial health.
Reverse Engineer: Determine income needed for a specific home price.
Secure & Private
✓ Calculations are performed entirely in your browser.
✓ No signup, no data storage, no tracking.
✓ Formulas based on standard DTI ratios.
# Frequently Asked Questions
What is DTI?▼
Debt-to-Income ratio is the percentage of your gross monthly income that goes towards paying debts. Lenders typically prefer a DTI below 43%.
Does this affect my credit score?▼
No, this is a calculator for your personal use. No credit checks are involved.
Last updated: March 2025 • v2.1.0 • Privacy First • Secure & Encrypted