Install MuneyWise
Add to your home screen for quick access
Home Affordability
Find out how much home you can afford based on income and debts.
Your finances
Start with income and debts to estimate how much home fits your budget.
$
$
%
Loan assumptions
Used to estimate principal, taxes, insurance, PMI, and HOA at each price point.
%
$
%
Loan Term
%
%
%
$
Enter your gross monthly income to see comfortable, stretch, and maximum purchase ranges.
Home Affordability Calculator
Estimate how much home you can afford from your income, monthly debts, down payment, interest rate, taxes, insurance, and HOA. See comfortable, stretch, and maximum ranges before you shop.
Common questions
- How do lenders estimate affordability?
- Lenders often use debt-to-income (DTI) limits — commonly near 36%–43% of gross monthly income for total housing and other debt. Our calculator models housing cost as a share of income plus your existing debt payments.
- Should I use gross or net income?
- Lenders qualify on gross income. For personal budgeting, compare results to your take-home pay and other goals. Leave room for maintenance, savings, and emergencies beyond the minimum DTI.
Learn
Related guides
Should You Buy a Home Now or Wait?
Weigh interest rates, rent vs buy costs, and your timeline before deciding whether now is the right time to purchase a home.
7 min read →