Home Affordability Calculator
Enter your income, monthly debts and down payment to estimate the highest home price whose payment fits a debt-to-income limit you choose.
Car, student loan, credit card minimums
Share of monthly income for all debts
You may be able to afford a home up to
$423,000
Estimated payment $3,083/mo, within a $3,083/mo budget
- Principal & interest$2,421
- Property taxes$353
- Homeowners insurance$150
- PMI$160
- Loan amount
- $383,000
- Down payment
- $40,000 (9.5%)
Loan and costs
Example rate, not a quote
Percent of the home price
Percent of the loan, under 20% down
Disclaimer: These calculators are for educational and comparison purposes only. The interest rates and other values shown are hypothetical examples, not current rates, an advertisement of available terms, an offer of credit, a pre-qualification or pre-approval, or a commitment to lend. Payments shown are estimates of principal and interest plus any taxes, insurance, HOA dues and mortgage insurance you enter; they don’t include every cost of a loan, and the annual percentage rate (APR), which reflects the cost of credit including certain fees, may be higher than the interest rate. Your actual rate, APR, payment and terms depend on your credit, income, assets, loan amount, down payment, property type, occupancy, location and other factors, and are subject to underwriting approval. Rates, fees, taxes, insurance and other costs change without notice. VA funding fees are estimated from the U.S. Department of Veterans Affairs’ published schedule and depend on your eligibility; Federal First Lending LLC is not affiliated with or acting on behalf of the VA or any government agency. Rent vs. buy, DSCR and fix & flip results are not a guarantee of rent, property value, profit or return, and are not tax, legal or investment advice. DSCR and fix & flip loans are business-purpose loans for investment properties. Federal First Lending LLC, NMLS #2381991. Equal Housing Opportunity.
Common questions
What is debt-to-income (DTI)?
DTI is the share of your gross monthly income that goes to debt payments, including the new house payment. Lenders use it to judge what you can comfortably repay, and limits vary by loan program.
Which debts count?
Monthly minimum payments on car loans, student loans, credit cards and other loans usually count. Everyday costs like utilities and groceries usually don’t.
Is this a pre-approval?
No. It’s an estimate. A pre-approval reviews your credit, income and assets, and a loan officer can walk you through it.