House Affordability Calculator (income-based)
Estimate an income-based maximum home price using income, debts, rate, term, down payment, and housing ratio.
Max Monthly Payment
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Max Loan Amount
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Max Home Price
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Estimated Down Payment
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Guide
How it works
Use this calculator to estimate income-based house affordability.
What this calculator does
The house affordability calculator estimates maximum monthly payment, maximum loan amount, maximum home price, and estimated down payment.
House Affordability Formula
Max Payment = Gross Monthly Income x Housing Ratio - Monthly Debts
Example calculation
If monthly income is 8,000, debts are 500, and housing ratio is 28%, the calculator estimates the mortgage payment and home price that may fit.
When to use this calculator
- estimating buying power
- planning a home search budget
- checking debt impact
- comparing down payment assumptions
FAQs
Is this lender approval?
No. It is a planning estimate based on simple ratios.
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