HomeAffordability: Calculator

Find a realistic home price range before you start house hunting. Enter household income, monthly debts, down payment, interest rate and loan term, plus property tax, insurance and HOA dues.

• Three bands side by side: conservative (25/33), recommended (28/36) and stretch (31/43) debt-to-income ratios
• Estimated home price, loan amount, principal and interest, property tax and total housing payment
• Shows whether the housing ratio or the total debt ratio is what limits your budget
• Enter the down payment as a percent or a dollar amount
• Start from presets such as starter buyer, debt heavy, strong cash or condo budget
• Save buyer scenarios with notes and reload them later
• Conventional or FHA loans: FHA adds the 1.75% upfront MIP and the annual MIP tiers from HUD Mortgagee Letter 2023-05; for conventional loans enter your own PMI rate
• Optional fourth band with your own housing and total debt ratios
• Rate sensitivity table shows how the price moves when the rate goes up or down
• Reverse mode: enter a target price to see the income each band needs
• Share a summary of your estimate

Estimates only, not financial or lending advice.

Official sources:
• HUD Mortgagee Letter 2023-05 (FHA mortgage insurance premiums): https://www.hud.gov/sites/dfiles/OCHCO/documents/2023-05hsgml.pdf
• HUD Single Family Housing Policy Handbook 4000.1: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
Not affiliated with or endorsed by any government agency.

Recent changes:
Performance improvements and bug fixes