conservative
25% housing / 33% total DTI
$372,902.47$2,083.33 monthly housingHome budget planning
House Affordability Calculator
Estimate a home price and mortgage range from your household income, debts, down payment and complete monthly housing costs.
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Household budget
Mortgage assumptions
Budget ratios
These are editable planning assumptions, not universal lending limits.
Estimated affordable home price
$414,110.00
Budget estimate based on the lower of your housing and total-debt limits.
Estimated Mortgage$354,110.00
Required Down Payment$60,000.00
Principal & Interest$1,794.22
Total Housing Cost$2,333.33
Front-End DTI28.0%
Back-End DTI35.2%
What the result means
Front-end DTI compares housing costs with gross income. Back-end DTI also includes your existing monthly debts. Actual lenders may use different ratios and verified costs, apply stress tests, or consider credit, employment, cash reserves and local rules.
Affordability Scenarios
standard
28% housing / 36% total DTI
$414,110.00$2,333.33 monthly housingmaximum
31% housing / 43% total DTI
$455,317.52$2,583.33 monthly housingThis estimate does not guarantee loan approval or affordability. Consider your full household budget and obtain personalized lending information.
How House Affordability Is Estimated
The tool calculates two monthly limits: one from the housing ratio and one from the total debt ratio after existing debts. It then finds the home price whose mortgage and property costs fit the lower limit.
Understanding Debt-to-Income Ratios
DTI compares recurring debt obligations with gross income. Front-end DTI focuses on housing, while back-end DTI adds other monthly debts. It is one part of affordability and underwriting—not a complete household budget.
Costs Beyond the Mortgage
Property tax, insurance, service charges and mortgage insurance can materially reduce the principal-and-interest payment that fits your budget. Enter realistic figures for the type and location of home being considered.
Planning Presets Are Not Guarantees
The scenario cards are useful comparison points, not lender promises. Actual approval can depend on interest-rate stress testing, income evidence, employment, credit history, cash reserves and local regulation.
House Affordability Calculator FAQ
How much house can I afford?
The calculator estimates a price by limiting total monthly housing cost to the lower of your chosen front-end and back-end debt-to-income budgets.
What is front-end DTI?
Front-end debt-to-income ratio is estimated monthly housing cost divided by gross monthly household income.
What is back-end DTI?
Back-end DTI includes both housing cost and entered monthly debt payments, divided by gross monthly income.
Are the ratio presets lending rules?
No. Conservative, Standard and Maximum are planning assumptions only. Lenders use different products, stress tests, credit standards and verified expenses.
Does the estimate include property costs?
Yes. It includes entered property tax, insurance, HOA and mortgage insurance in addition to principal and interest.
Does this calculator guarantee approval?
No. Only a lender can make an approval decision after reviewing income, credit, debts, funds, property and applicable rules.
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Disclaimer: This is a planning estimate and does not represent lender approval. Consider your full budget and obtain current, personalized lending information.