Home affordability calculator

Estimate a housing budget using your income, monthly debts, down payment, assumed interest rate, and term.

No account or contact details are required. Enter your own assumptions; results are educational estimates.

What this tool estimates

The estimate uses preset debt-to-income and housing-cost assumptions by loan type. Those are planning assumptions, not underwriting approval. The estimate does not substitute for your actual property taxes, insurance, HOA dues, reserves, or lender mortgage-insurance quote.

Question 1 of 6

What type of loan are you considering?

Illustrative example

For example, $8,000 monthly gross income and $1,000 monthly debt leave $2,440 for housing under an illustrative 43% total debt-to-income budget ($8,000 × 0.43 − $1,000). That budget must cover more than principal and interest, and the tool's program assumptions can produce a different result.

Use the result with your loan documents

Educational estimates are not loan offers or approval decisions. Ratespedia LLC, company NMLS #2796610. Check service availability and licensing.