Mortgage Affordability Calculator
Estimate mortgage affordability using income, monthly debts, down payment, interest rate, term, and a target debt-to-income ratio.
This planning calculator estimates a home-price range from your gross income, current monthly debt obligations, down payment, and mortgage assumptions.
It is an educational estimate, not a loan approval. Property taxes, homeowners insurance, mortgage insurance, HOA dues, closing costs, credit history, and lender rules can materially change what you qualify for.
Frequently asked questions
What is debt-to-income ratio?
DTI compares monthly debt payments with gross monthly income. Lenders calculate it using their own rules and may use different limits.
Why is my real approval amount different?
A lender also considers credit, verified income, assets, loan program rules, taxes, insurance, HOA dues, and other housing expenses.
Does the estimate include closing costs?
No. Closing costs and cash reserves are separate from the down payment in this simplified estimate.