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House Affordability Calculator

Use this free House Affordability Calculator to find out how much home you can afford. Simple, accurate, and easy to use online.

The House Affordability Calculator answers the big question: "How much house can I buy?" It uses standard lender qualification ratios (Front-end 28% / Back-end 36%) to reverse-engineer your maximum home price based on your income and debts.

Instead of guessing a monthly payment, this tool starts with your financial reality—Income, Debts, and Down Payment—to determine your borrowing ceiling.

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INPUT VALUES

Annual Household Income80000
Monthly Debts (Loans/Cards)500
Down Payment40000
Interest Rate6.5
Loan Term30
Est. Monthly Tax/Ins400

When to Use This Calculator

Use this calculator before you start looking at homes. It mimics the "Pre-Qualification" process used by banks.

Example Scenario

Annual Income: $80,000.
Monthly Debts: $500.
Down Payment: $40,000.

28% Rule (Front-End): Max housing payment is $1,866/mo.
36% Rule (Back-End): Max total debt is $2,400/mo. Minus $500 debts = $1,900/mo for housing.

The lower limit ($1,866) sets your budget. At 6.5% interest, this translates to a home price around $300,000 - $320,000 depending on taxes and insurance.