Mortgage Affordability Calculator
Find out how much house you can afford
Estimated Affordable Home Price Range
$333,406 - $392,243
What This Mortgage Affordability Calculator Does
This calculator estimates how much home you may be able to afford based on income, debts, and loan assumptions. It provides a planning estimate, not lender approval.
How Mortgage Affordability Is Estimated
It considers income, debts, down payment, interest rate, and loan term using common affordability guidelines like the 28/36 rule (housing costs shouldn't exceed 28% of gross income, total debts shouldn't exceed 36%).
Example Calculation
US Example
- • Income: $90,000
- • Monthly debts: $500
- Estimated home price: $350,000-$400,000
EU Example
- • Income: €70,000
- • Monthly debts: €400
- Estimated home price: €280,000-€320,000
When Should You Use This Calculator
- Planning to buy a home
- Setting a house hunting budget
- Comparing price ranges in different areas
- Preparing for lender discussions
- Understanding what you can realistically afford
Frequently Asked Questions
Is this lender-approved?
No, this is an estimate only. Actual loan approval depends on credit score, employment history, and other factors. Always consult with a lender for accurate pre-approval.
Does this include taxes and insurance?
No, this estimate focuses on the loan principal and interest. Property taxes, homeowners insurance, and HOA fees will add to your monthly costs.
Can this be used in Europe?
Yes, though lending standards may vary by country. Adjust the currency and interest rate to match your local market conditions.