Down Payment Calculator
Find the monthly savings it takes to hit your down payment goal by a target date.
Open calculatorBuying a Home
Home Affordability Calculator
Enter your income, existing debts, and down payment to see the maximum home price that keeps your monthly payments in a healthy range.
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How this calculator works
Lenders don't start with a home price — they start with your income and work out how much monthly payment you can safely take on. This calculator does the same: it caps your total monthly debt payments (existing debts plus the new mortgage) at a percentage of your gross income, then works backward to find the loan — and home price — that fits.
Understanding debt-to-income (DTI)
Lenders commonly cap total DTI around 36%, though some loan programs allow up to 43-50% for well-qualified borrowers. This calculator defaults to 36% but lets you adjust it — worth checking your number against what your actual lender allows, since it varies by loan type.
Why "can afford" and "should spend" aren't the same number
This calculator shows what a lender would likely approve — not necessarily what fits comfortably alongside your other goals. Many financial planners suggest a more conservative 28% cap on housing costs alone. If your max approved price feels tight against your other priorities, it's worth aiming below the ceiling this tool shows, not right at it.