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Home Affordability Calculator
Get a rough idea of the home price you can afford based on your income and debts.
How this calculator works
Enter your yearly income, monthly debts, down payment and the interest rate. The calculator uses the common 28% and 36% rules to find a safe monthly housing payment, then works out the loan that payment supports over 30 years.
Example
With $100,000 in income, $500 in monthly debts and $40,000 down at 6.5%, the safe payment is $2,333.33 a month. That supports a home price of about $409,158.58.
Tips
- Lenders look at more than these two rules, so treat the result as a starting point.
- Keep a cash cushion after the down payment for repairs and moving costs.
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Results are estimates only. See our disclaimer.