Affordability Calculator

Discover how much home you can afford based on your financial profile. Get a clear picture of your buying power before you start your search.

Your Financial Details

$85,000
$20K$500K
$500
$0$5,000

Car loans, student loans, credit cards, etc.

$40,000
$0$300K
6.75%
2%12%
1.2%
0.1%4%
$1,200
$300$5,000

Your Buying Power

Estimated Home Price

$284,116

Loan Amount$244,116
Down Payment$40,000
Est. Monthly Payment$1,983

Monthly Breakdown

Principal & Interest
$1,583
Property Taxes
$300
Home Insurance
$100

Disclaimer: This calculator provides estimates based on the information you provide and standard lending guidelines (28/36 rule). Actual affordability may vary based on your credit score, specific lender requirements, PMI, HOA fees, and other factors. This is not a loan pre-approval. Contact me for a personalized consultation.

Tips to Maximize Your Budget

Strategic moves that can increase your buying power.

Reduce Existing Debt

Paying down credit cards, car loans, and student debt lowers your debt-to-income ratio, allowing you to qualify for a larger mortgage.

Improve Your Credit Score

A higher credit score can unlock lower interest rates, which significantly increases the home price you can afford over the life of the loan.

Increase Down Payment

A larger down payment reduces your loan amount and may eliminate the need for private mortgage insurance (PMI), saving you hundreds monthly.

Ready to Take the Next Step?

Now that you know your budget, let's find the perfect home within your price range. I'll guide you through every step of the process.

Talk with Us