How much house can I afford?

If you’re ready to buy a home, you need to know what your price range is. Our Home Affordability Calculator helps you determine the price of a home that fits perfectly in your budget.

Down Payment

Enter any number here. Some programs allow down payments as low as 3%. Just remember, the more you put down, the less your monthly payment will be.

Gross Annual Income

Your gross income amount is how much money you earn annually before taxes are deducted.

Monthly Debt

This includes monthly minimum credit card payments, car and student loan payments, child support, etc. Do not include cost of living expenses.

Mortgage Rate

We’re using the current average mortgage rate to calculate payments. Your actual rate may vary depending on credit score, loan type and other factors.

Loan Term

Choose the length of the loan term you plan to use. Standard loan terms are 15 or 30 years.

Debt-to-income Ratio

Debt-to-income ratio is calculated by taking all of your monthly costs and dividing it by your monthly gross income.

CALCULATE

Debt-to-Income Ratio:

0-36%: Affordable

37-42%: Stretching

43% or higher: Aggressive

These calculations are tools for learning more about the mortgage process and do not constitute an offer or approval of credit. Contact a PrimeLending home loan expert for actual estimates.

Other calculators you might be interested in:

You should be able to buy a home valued at

$328,000

30 year fixed loan

Monthly Payment
$1,819

Debt-to-income Ratio:
40%

You should be able to afford a home valued at

$352,300

Monthly Payment:

$1,819

Debt-to-income Ratio:

40%