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Calculation Machine

House Affordability Calculator

The price range your income and debts actually support.

Reviewed by James Whitfield · How we check our maths

Your values

ⓘ Live results

Results
Maximum home price
$323,546.51
Maximum loan
$273,546.51
Max total housing payment
$2,216.67
Principal & interest portion
$1,729.00

Quick answer

Lenders generally allow housing costs up to 28% of gross income and total debt up to 36%, which sets the maximum home price you qualify for.

Worked example

Worked example

Using the values the calculator loads with.

Inputs

  • Gross annual income95000 $
  • Monthly debt payments500 $
  • Down payment saved50000 $
  • Interest rate6.5 %
  • Term30 years

Result

  • Maximum home price$323,546.51
  • Maximum loan$273,546.51
  • Max total housing payment$2,216.67
  • Principal & interest portion$1,729.00

How to use the House Affordability Calculator

  1. 1Enter your gross annual income and existing debt payments.
  2. 2Add your down payment and the current rate.
  3. 3Read the affordable price range.

Frequently asked questions

Should I borrow the maximum?

Rarely. The maximum is what a lender allows, not what leaves room for savings, repairs and rate changes — many buyers target 20–25% of income.

Why is 22% held back?

Property tax, insurance and possible HOA fees take a meaningful slice of the housing budget before principal and interest.

About this calculator