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RealCostIQ

Mortgage Affordability Calculator

Educational calculators — always consult a licensed professional before making financial decisions.

Use your gross (pre-tax) income.

$
$1K$10M

Include car loans, student loans, credit card minimums — not utilities.

$
$0$100K

The more you put down, the more home you can afford.

$
$0$5M

Most buyers choose 30 years for lower payments.

Lowest monthly payment, maximizing the home price you can afford. Most first-time buyers choose this.

Check current rates with your lender. Typical range: 6–8%.

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0.1%20%

Maximum Home Price

$419,750

At 28% front-end ratio (28/36 rule)

Recommended price$381,206
Monthly at max$2,333
Max monthly housing$2,333
Total debt allowance$3,000

Back-End Ratio at Max

34.0%

28%36%

Debt-to-Income Breakdown

Gross monthly income$8,333
Existing monthly debts− $500
Available for housing (36% rule)$2,500
Back-end ratio at max34.0%

Based on

Annual income$100,000
Monthly debts$500
Down payment$60,000
Rate / Term6.75% / 30yr
Free

Email me the detailed report

A full PDF breakdown of these numbers — yours to keep or hand to a contractor.

This calculator uses the standard 28/36 rule for educational purposes. Actual loan approval depends on credit score, employment history, lender policies, and other factors. Consult a licensed mortgage professional.

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Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.