House Affordability Calculator

How much house can I afford?

When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our new house calculator to determine how much of a mortgage you may be able to obtain.

Inputs

Income and Debt Obligations

New Loan Assumptions

Current combined annual
income ($)

Monthly child support
payments ($)

Annual interest rate on new mortgage (0 to 0.4)

Term of new mortgage
(years)

Monthly auto payments
($)

Monthly credit card payments
($)

Funds available for a down payment ($)

Estimated annual property
taxes ($)

Monthly association fees
($)

Other monthly obligations (not including current mortgage payment)

Estimated annual homeowner's insurance ($)

Front-end ratio (0.28, 0.33 or 0.36)

Back-end ratio (0.36, 0.4 or 0.45)

Outputs

Front-End Ratio
Monthly gross income	0
Front-end ratio	0
Calculated payment for front-end ratio	0

Back-End Ratio
Debts and obligations	0
Percent of gross income	0
Maximum percentage available for mortgage payment	0
Calculated payment for back-end ratio	0

Payment Calculating
Minimum of the two ratio options	0
Less: taxes and insurance	0
Equals: maximum allowable payment	0
Calculated mortgage amount	0
Down payment	0
Home value you can afford	0