What can you comfortably afford?
Estimate your price range and browse homes that fit your budget.
$286,399
Monthly payment
$1,678
Down payment
17.5%
Debt-to-income ratio:
30%
Comfortable
Exceeds recommended debt-to-income ratio.
Requires private mortgage insurance.
Add a location to see homes that fit your budget
Net income
$63,000
Before taxes. Include any co-buyer’s income.
Obligations like loan and debt payments or alimony, but not costs like groceries or utilities.
Down payment
18.4%
Cash you can pay when you close.
Do you have a home to sell?
Are you a veteran?
Active U.S. military, veterans, and spouses are eligible for a $0 down VA loan with no private mortgage insurance.
Location
To calculate local taxes and costs.
How we calculate how much house you can afford
To figure out what monthly mortgage payment you can comfortably afford, start with your gross annual income (what you earn before taxes). Include all income sources, such as salary, hourly wages, tips, bonuses, and commissions.
If you share finances with a spouse or partner who will contribute to the mortgage, add their income too to get your total household gross annual income. Then divide that yearly total by 12 to estimate your monthly income.