Housing Affordability Calculator

YOUR HOUSEHOLD BUDGET

What is left for a home?

Use approximate numbers from your own budget. We subtract other spending, debt payments and savings before estimating what housing costs could fit.

Example income, rate and costs are made up for learning. They are not recommendations or a lender offer.

Housing budget assumptions

1. Money in, money out

Use monthly amounts. Count each bill once. Do not include rent if buying would replace it.

Money you bring home each month ($)

Use your household’s approximate pay after taxes.

Other everyday spending ($/month)

Food, transport, childcare and other living costs.

Other debt payments ($/month)

Monthly bills, not the whole amount you owe.

Money to keep saving ($/month)

Retirement, emergencies and other saving goals.

2. Your planned mortgage

Fixed-rate only. We do not check credit, eligibility or lender approval.

Planned down payment ($)

The part of the home price you pay yourself.

Fixed mortgage interest rate (%)

For 6.5%, type 6.5. Use the note rate, not APR.

Length of the new fixed loan

30 years = 360 monthly payments.

Your own housing spending limit ($/month)

Optional. 0 means use the money left in your budget.

3. Costs beyond the mortgage

Enter costs that apply. 0 leaves a cost out and can make the price estimate too high.

Estimated yearly property tax (%)

Yearly tax ÷ home value × 100.

Home insurance and other coverage ($/year)

Use an insurer’s yearly estimate. We divide by 12.

HOA or condo dues ($/month)

Check the listing or ask the association.

Mortgage insurance ($/month)

Ask the lender. This is not home insurance.

Yearly upkeep money to set aside (%)

Your yearly repair budget ÷ home price × 100.

New-home utilities ($/month)

Power, water, gas, internet and other home bills.

Check upfront cash and try a home price

Optional. A home can fit your monthly budget but need more cash than you have. Add available cash to check both. Blank means cash has not been checked; $0 means no cash is available.

Cash available for buying ($)

Leave blank to skip the upfront cash check.

Estimated closing costs (% of home price)

Estimated closing costs ÷ price × 100.

Cash you want left after buying ($)

Keep this separate from the money spent at closing.

Other upfront costs ($)

Moving, prepaid bills or one-time costs not counted above.

Optional home price to try ($)

Try a listing price to see what fits or falls short.

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Your approximate income, spending and cash entries stay in this browser. They are not saved, sent or added to your account. Do not enter account numbers or upload documents.

YOUR ESTIMATED HOUSING BUDGET

A home price is only part of the cost.

See an estimated price ceiling, a monthly housing cost breakdown and an optional cash check. You can also try a listing price to see what is over or under your limits.

The result is based on what you enter. It is not proof that a loan is affordable or approved.

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CFPB: understand your homebuying budget →