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How much house can you afford?
Tell us how much you make, how much you've got for a downpayment, and your debt, and find out how far to stretch when home hunting.

HOME AFFORDABILITY
About this calculator:

• To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.
• ASSUMPTIONS: We've assumed a 30-year mortgage term, annual property tax of $3,500 and homeowners insurance of $481 -- the national average. And we do not factor in private mortgage insurance, which you'll owe if your downpayment is less than 20 percent of the purchase price. It averages from $50 to $80 per month. Plug in your own numbers for more tailor-made results.
Related stories
• Buying a home 101
• Lining up cash
• The hunt for a home
• Closing the deal
• Does it pay to remodel?

HOME More real estate tools
• Mortgage payment estimator
• Renovation wizard
• Cost of living estimator

Enter income/mortgage info
Gross annual income: $ 
Downpayment amount: $ 
Monthly debt:
(eg. student loan, credit card payments)		 $ 
Mortgage rate:  %
Annual property taxes: $ 
Annual homeowner insurance: $ 
CALCULATE  

RESULTS
  CONSERVATIVE AGGRESSIVE
Minimum house
price:		 $ 
Loan amount: $ 
Monthly mortgage
payment:		 $ 
Taxes/homeowner
insurance:		 $ 
Total monthly payment: $ 
TRY AGAIN

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