Mortgage Affordability Calculator
Calculate how much home you can afford based on income, debts, down payment, and interest rate.
How to Use Mortgage Affordability Calculator
The Mortgage Affordability Calculator is a free online tool that estimates the maximum home price you can afford based on your financial situation. Enter your annual income, monthly debts, available down payment, expected interest rate, and loan term to see your maximum home price, loan amount, and monthly payment. The calculator uses the industry-standard 28% rule (housing costs should not exceed 28% of gross monthly income) and 36% debt-to-income ratio. Whether you are a first-time homebuyer planning your budget, refinancing, or just curious about your purchasing power, this tool provides realistic affordability estimates.
Step-by-Step Instructions
- Enter your annual gross income and monthly debts
- Enter your available down payment amount
- Set the expected interest rate and loan term
- View your maximum home price and monthly payment
Related Tools
Percentage Calculator
Calculate percentages, percentage changes, and percentage differences.
BMI Calculator
Calculate Body Mass Index from height and weight with category display.
Loan and Mortgage Calculator
Calculate monthly payments, total interest, and amortization schedules.
Tip Calculator
Calculate tip amounts and split bills between multiple people.