House Affordability Calculator

House Affordability Calculator

Find out how much house you can afford based on your income, debts, and down payment

Your Financial Information

$
Please enter a valid income
$
$
Please enter a valid down payment
%
Please enter a valid interest rate
$
$
%
$

Your Home Affordability

Based on your financial situation, you can afford a home up to:

$0

This estimate is based on standard lending guidelines.

Affordability Range

Conservative Moderate Aggressive
Monthly Payment
$0
Loan Amount
$0
Down Payment %
0%
Debt-to-Income Ratio
0%

Recommendations

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House Affordability Calculator – Find Out What Your Realistic Home Price Range Is (2025)

What Does a House Affordability Calculator Do?

A House Affordability Calculator is a free, clever, and privacy-first online tool that uses your salary, monthly bills, down payment, interest rate, and location to figure out how much house you can really buy.

Unlike generic mortgage estimators, this calculator follows the 28/36 rule (used by lenders) and includes property taxes, insurance, and HOA fees—giving you a realistic price range that matches lender standards.

✅ 100% free
✅ No sign-up
✅ No data collection

Fill in your financial details and see:
✅ The maximum home price you can afford
✅ The ideal monthly mortgage payment
✅ A full PITI breakdown (Principal, Interest, Taxes, Insurance)
✅ Optional Rent vs. Buy Insight
✅ Works on iPhone, Android, and desktop
✅ No email, no login, no cost

How to Use the Calculator for House Affordability

Just four simple steps:

1. Type in Your Yearly Income

  • Example: $75,000 (before taxes)

2. Add Your Monthly Debts

  • Credit cards: $450
  • Student loans, car payments, personal loans

3. Choose Your Down Payment

  • Enter dollar amount (e.g., $20,000) or percentage (e.g., 10%)

4. Fill Out Loan & Location Info

  • Mortgage term: 15 or 30 years
  • Interest rate: e.g., 6.8%
  • Location: For accurate property tax & insurance estimates (U.S. only)
  • HOA fees: If applicable

Get Your Results

✅ Realistic home price range
✅ Estimated monthly payment
✅ Debt-to-Income (DTI) ratio
✅ Front-end ratio (housing cost vs. income)
✅ One-click reset
✅ Mobile-optimized input
✅ No data saved

Why Should You Use a House Affordability Calculator in 2025?

Home buying is emotional—but overspending causes real financial stress:

  • 🏠 30% of new homeowners feel “house poor” in the first year
  • ❌ Lenders reject applications with DTI > 43%
  • 💸 Buyers are shocked by hidden costs: taxes, insurance, maintenance

Our calculator helps you:

  • Avoid overbidding in competitive markets
  • Stay within safe DTI limits (≤36%)
  • Budget for true monthly costs—not just principal + interest
  • Shop with confidence, knowing your real limit

Great for first-time buyers, move-up buyers, and remote workers relocating.

Key Features

  • 🏠 Lender-Aligned Logic: Uses the 28/36 rule and standard DTI thresholds
  • 💰 PITI Breakdown: Shows Principal, Interest, Taxes, Insurance, HOA
  • 📍 Location-Based Estimates: Auto-calculates county-level tax & insurance rates (U.S. only)
  • 📊 DTI Analysis: Warns if debt levels are too high
  • 🔁 What-If Scenarios: Test different down payments, incomes, or rates
  • 🔒 100% Private: No data leaves your browser
  • 📱 Fully Responsive: Works on all devices
  • 🎨 Clean Light UI: Simple, jargon-free interface

Real-World Example

User Profile:

  • Annual Income: $80,000
  • Monthly Debts: $300
  • Down Payment: $25,000 (10%)
  • Interest Rate: 6.75%
  • Term: 30 years
  • Location: Austin, TX

House Affordability Calculator Results:

  • Affordable Home Price: $290,000
  • Monthly Payment (PITI): $2,150
  • DTI Ratio: 33% (✅ safe range)
  • Front-End Ratio: 28% (✅ meets lender standards)

This gives them precise, realistic limits—so they don’t guess or overextend.

Common Questions

Q: What is a calculator for how much a house costs?

Using the same methods that lenders use, a housing affordability calculator figures out how much you can afford to pay for a home based on your income, debts, down payment, and local costs.

Q: Is this truly free?

Yes! No sign-up, no credit check, and no hidden costs. It’s completely free.

Q: Does it cover insurance and property taxes?

Yes! It estimates property tax and home insurance based on your U.S. location.

Q: Can I use it if I work for myself?

Yes—use your average monthly net income after taxes.

Q: Is my information safe?

Yes. We never store or share your financial data. Your browser does all calculations.

Q: Does it work for townhomes and condos?

Yes—just include HOA fees in the input.

Q: Is it okay to use on my phone?

Yes! Fully optimized for iPhone and Android—perfect for open houses.

Q: Who should use this tool?

Great for first-time buyers, pre-approval shoppers, and financial advisors helping clients.

Related Tools

Trusted by Homebuyers and Advisors

For official U.S. homebuying standards, we align with the Consumer Financial Protection Bureau (CFPB) – Home Buying Guide —a high-authority government resource used by lenders, HUD counselors, and financial educators nationwide for affordability rules and lending criteria.

✅ Find out what your real house budget is now—quickly, for free, and eternally secret.
Use the House Affordability Calculator, free at Toolsspark.