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Home Affordability Calculator
Discover how much home you can comfortably afford based on your income, existing debts, down payment, and monthly expenses. Our calculator uses industry-standard debt-to-income ratios to give you a realistic budget.
Key Affordability Rules:
• Front-end ratio (housing costs):28% of gross income
• Back-end ratio (total debts):36% of gross income
• Recommended down payment:10-20% of home price
Income & Debts
$
$30k$300k
$
$0$5,000
$
$0$100k
Loan Details
%
3%10%
%
0.5%3%
$
$500$5,000
Affordability Results
Maximum Home Price
$236,583
Maximum Loan Amount
$216,583
Maximum Monthly Payment
$1,750
Debt-to-Income Ratios
Front-End Ratio (Housing)28.0%
Back-End Ratio (Total Debt)36.0%
Lenders typically prefer front-end ratio ≤28% and back-end ratio ≤36%
Tips to Increase Home Affordability
Improve Your Finances:
- • Pay down existing debts
- • Increase your income or get a co-signer
- • Save for a larger down payment
- • Improve your credit score
Explore Loan Options:
- • FHA loans (3.5% down payment)
- • VA loans (0% down for veterans)
- • USDA loans (rural areas, 0% down)
- • First-time buyer programs