CLEANLINE CALCULATOR
Home Affordability Calculator
Estimate how much home you can afford based on your income, debts, down payment, and mortgage assumptions.
Income & Debt
$
$
Car loans, student loans, credit cards, personal loans, etc.
Purchase
$
%
Housing Costs
%
$
$
$
Enter an estimate if your loan will require private mortgage insurance.
Affordability Rule
%
36% is a conservative starting point. Lending limits vary.
ESTIMATED HOME PRICE
—
Estimated loan
—
Max housing payment
—
Principal & interest
—
Property taxes
—
Insurance
—
Down payment
—
Estimated housing payment as % of gross income
—
Your Home-Buying Range
See how different spending levels affect your estimated monthly housing payment.
CONSERVATIVE
—
— / month
TARGET
—
— / month
STRETCH
—
— / month
Monthly Payment Breakdown
Principal & Interest
—
Property Tax
—
Insurance
—
HOA + PMI
—
How it works:
This calculator estimates the maximum monthly housing payment available
under the debt-to-income ratio you select, subtracts other monthly debt
obligations, then estimates the mortgage principal that payment could
support after property taxes, insurance, HOA fees, and PMI.
For educational purposes only and not financial, lending, tax, or real-estate advice.
Actual affordability depends on credit score, lender underwriting, interest rates,
taxes, insurance, loan program, closing costs, reserves, and other factors.
Being approved for a mortgage does not necessarily mean the payment is comfortable
for your personal budget.