Calculator

Affordability calculator

Estimate a home price that fits your budget, based on your income, monthly debts, down payment and a debt-to-income target.

Estimates for illustration only

Calculator

Affordability calculator

Estimate a home price that fits your budget, based on your income, monthly debts, down payment and a debt-to-income target.

Estimates for illustration only

Calculator

Affordability calculator

Estimate a home price that fits your budget, based on your income, monthly debts, down payment and a debt-to-income target.

Estimates for illustration only

Affordability calculator

Illustrative
Estimated home price you could afford$514,290
Estimated loan amount$454,290
Monthly housing payment$3,700/ month
  • Principal & interest$2,871
  • Property tax$514
  • Home insurance$125
  • Mortgage insurance$189
  • HOA dues$0
Based on your debt-to-income target, up to $3,700 a month could go toward housing.

Estimates for illustration only. Not a loan offer or commitment to lend.

How it works

How affordability is estimated

Lenders look at your debt-to-income ratio (DTI): your total monthly debts, including the new housing payment, divided by your gross monthly income.

What you’ll enter

Gross monthly income before taxes

Monthly debt payments such as car loans, student loans and card minimums

Your down payment

An estimated interest rate

A DTI target, often between 36% and 45% depending on the program

FAQ

Common questions

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Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Call

Get pre-approved

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