CNNMoney.com
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

[an error occurred while processing this directive]

Please create a screen name to access this feature.

Screen name (Select one with 3-12 characters; Numbers and letters only)


Forgot password

Enter your e-mail address below and we will send you an e-mail with a link and code to reset your password.

E-mail

Already have the reset code?

Password selection

E-mail

Reset code

New password

Log in & let's get started!

E-mail

Password

Forgot password?


Not a member yet?

Sign up now for a free account

Sign up or log in

Screen name

Select one with 3-12 characters;
Numbers and letters only

E-mail

Make sure you typed it correctly.
You will receive an e-mail to validate your account

Password

Make it 6-10 characters, no spaces

We're Sorry!

This service is temporarily unavailable. Please try again soon.


 

 


Thanks!

Please check your e-mail and click the link to confirm your membership. Then, you'll be ready to participate in all activities and conversations on our site.

Go to your Profile page


© 2010 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer