Calculator · demo of what's on your site
Home affordability calculator: how much house?
Affordability starts with the payment a budget can carry, then works backwards to a price. Adjust the target debt-to-income ratio to see how the answer changes.
Estimated maximum price
—
Estimate only, using the numbers you entered. Not a loan offer, rate quote or approval. Get Mortgage Funnels is not a lender.
How it works
How much house can I afford on my income?
How much house you can afford depends mainly on income, existing monthly debts, the down payment, the interest rate and the debt-to-income (DTI) limit used. Lenders commonly look at a back-end DTI in the mid-30s to mid-40s percent, varying by program and file.
The math
Max housing payment = income × target DTI − monthly debtsTaxes, insurance and HOA are subtracted to find the principal-and-interest budgetMax loan = P&I budget × ((1 + r)^n − 1) ÷ (r(1 + r)^n); price = loan + down payment
Calculations run in your browser. Nothing you type is stored or sent.
On your site, it does one more thing
On client sites, every calculator ends with a button into the matching funnel, so a borrower who just ran the numbers can start a real conversation. This one pairs with the first time buyer fha funnel.
See the matching funnelHow much house can I afford on my income?
Take your gross monthly income, multiply by the debt-to-income ratio a lender may allow, subtract your other monthly debts, and you get a maximum total housing payment. Remove taxes, insurance and HOA, then convert the remaining principal-and-interest budget into a loan amount and add your down payment.
What DTI should I use?
A conservative personal budget often uses a lower DTI than the maximum a lender allows. Program limits vary; many conventional loans look at about 36–45% back-end DTI and some programs allow more with strong compensating factors.
Is the result a pre-approval?
No. It is an estimate based on what you entered. A pre-approval requires a loan officer to review credit, income and assets.
Why does a small rate change move the price so much?
Because a higher rate means more of each payment goes to interest, so the same payment supports a smaller loan. Try changing the rate by a quarter point to see it.
Should I include student loans?
Yes. Lenders count required monthly payments on student loans, car loans, credit cards and other debts that show on credit.
What about closing costs and reserves?
They come out of savings too. Keep part of your cash for closing costs and a cushion rather than putting every dollar into the down payment.
Does affordability differ by loan program?
Yes. FHA, VA, USDA and conventional loans have different down payment, mortgage insurance and DTI rules, which change the result.
What happens after I use the calculator?
On our clients' sites the calculator offers the first-time buyer or pre-approval funnel, so a borrower can get a real conversation started.
No question matches that.
Try fewer words, pick "All", or send us the question — we answer within one business day.
Next stage: booked
Calculators that hand you leads
All five calculators are included on your site, branded and connected to your funnels.
Free 25-minute call · month-to-month plans · no ad spend required to start
