How much house can I afford
Turn your income and monthly debts into a realistic home-price target before you start shopping.
Turn your income and monthly debts into a realistic home-price target before you start shopping.
This tool works backward from income, monthly debts and your down payment to a possible home price. Mortgage insurance can reduce the price your budget supports. Use the full housing payment rather than principal and interest alone.
A lender's maximum is not necessarily your comfortable budget. Leave room for utilities, maintenance, childcare and savings. Taxes and insurance vary by property, and a homeowners association adds a separate monthly expense.