Mortgage Affordability Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Use your gross (pre-tax) income.
Include car loans, student loans, credit card minimums — not utilities.
The more you put down, the more home you can afford.
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%.
Maximum Home Price
$419,750
At 28% front-end ratio (28/36 rule)
Back-End Ratio at Max
34.0%
Debt-to-Income Breakdown
Based on
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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Mortgage Affordability Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
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.