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Mortgages
Home affordability calculator
How much house can you actually afford? We back-solve from income, debts, down payment, and current rates.
Lender caps (advanced)
Max home price
$424,615.10
- Loan amount$364,615.10
- Max monthly (P+I+T+I)$2,800.00
- Annual tax + insurance$5,944.61
- Down payment %14.1%
What this assumes
- Property tax: 1% of home value annually
- Homeowner's insurance: 0.4% of home value annually
- Annual tax + insurance: $5,944.61
- No PMI factored in — add <0.5-1.5% APR if your down payment is below 20%
Compare purchase lenders
See your real rate from regulated lenders with a soft credit pull.
- Affordability is a DTI question
Lenders cap your housing payment at ~28-31% of gross income. We back-solve max home price from that ceiling, your rate, and the down payment.
- Tax + insurance matter
Property tax + homeowner's insurance can easily add 1.5-2% of home value per year. We bake them into the monthly payment so the affordability number is real.
- What lenders qualify you for ≠ what you should borrow
Max affordable home and target affordable home are different. The math here gives you the ceiling; comfort lives 10-20% below it.