Home Affordability Calculator

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Car, student loan, credit card minimums, etc. Not rent.

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%
Loan term
% / yr
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%
%

Home price you can afford

$340,064

Loan amount
$300,064
Max monthly housing payment
$2,333.33
Principal & interest
$1,896.61
Property tax
$311.73
Insurance + HOA
$125.00
Limited by
Housing ratio (28%)
Down payment share
11.8%
Principal & interest: 81.3%Property tax: 13.4%Insurance: 5.4%
  • Principal & interest$1,89781.3%
  • Property tax$31213.4%
  • Insurance$1255.4%

With less than 20% down, PMI would add to the payment and lower the price you can afford. This estimate excludes PMI.

Open the full home affordability calculator with the formula and FAQs at Calcs for Life