Free Tool
Home Affordability Calculator
How much house can you really afford? See a responsible home-shopping range based on your income, debts, and housing costs.
This calculator estimates the maximum home price you can responsibly afford based on your income, your debts, and the real monthly cost of owning a home: mortgage, property taxes, insurance, HOA fees, and PMI.
It applies the same 28/36 debt-to-income framework lenders and advisors commonly reference, and it updates live as you adjust the numbers. Every buyer's situation is different, and this is an estimate to help you shop with confidence, not a guarantee of what you'll qualify for.
Enter Your Details
Car, credit cards, student loans, and other recurring debts.
The amount you plan to put toward the purchase.
PMI (Private Mortgage Insurance)
Auto-estimated when your down payment is under 20% of the price.
This calculator provides estimates only. Every buyer's situation is different. Contact Roger for a personalized consultation and accurate pre-approval information.
Your Affordability
Home Affordability Summary
Roger Reed, Realtor | RAR Property Group powered by eXp Realty | Prepared
Maximum Affordable Home Price
$0
Estimated total monthly payment $0
Max Loan Amount
$0
Required Down Payment
$0
Monthly Payment Breakdown
Debt-to-Income Ratios
Guideline: 28% or lower of gross monthly income
Guideline: 36% or lower including all debts
This price is comfortable for you
Your housing payment and total debt stay within the 28/36 debt-to-income guidelines.
Want a clearer picture of your buying power? Let's talk through your numbers.
Schedule a Free ConsultationUnderstanding Your Affordability
A quick look at how the numbers work, and why an estimate is only the start of the conversation.
How is the maximum home price calculated?
The calculator applies both halves of the 28/36 guideline to your gross monthly income. The front-end limit keeps your housing costs at or below 28% of your income. The back-end limit keeps your total debt, including other monthly payments, at or below 36%. It takes the more conservative of the two, then works backward through your interest rate, loan term, taxes, insurance, HOA, and PMI to find the largest home price that fits.
What is the 28/36 rule?
It's a common affordability guideline. Lenders and advisors often suggest keeping your housing costs, your front-end ratio, at or below 28% of gross monthly income, and your total debt, your back-end ratio, at or below 36%. This calculator shows both ratios so you can see where you stand.
What if my down payment is under 20%?
If your down payment is less than 20% of the price, private mortgage insurance (PMI) usually applies. This calculator auto-estimates a typical PMI cost when your down payment is under 20%, and you can turn that estimate off with the PMI toggle.
Is this a loan pre-approval?
No. This is an estimate to help you understand a realistic range before you start shopping. Your actual budget depends on your credit, the lender's guidelines, current rates, and the specific property. A quick conversation with Roger and a trusted local lender will give you a much more accurate picture.
Want a clear next step?
Tell me a little about your situation and I'll help you understand your options and what makes sense for your budget.
Book a CallDisclaimer: These estimates are for planning purposes only and are not a loan approval or a guarantee of financing. Actual rates, property taxes, insurance premiums, and HOA fees vary by property, lender, and market. Confirm your budget with a trusted local lender before making an offer.