Estimate an affordable home price based on income, debts, utilities, taxes/insurance, and mortgage terms.
Illustrative
Gross annual income.
Car, credit cards, student loans, etc.
Utilities included in your monthly housing budget.
Annual total (we convert to monthly).
Annual total (we convert to monthly).
Cash used for down payment + estimated closing costs.
Use either a percentage of price or a fixed dollar amount.
Fixed rate assumption.
Common terms: 15, 20, 30.
Affordable Home Price
—
Est. Monthly Mortgage (P&I)
—
Total Monthly Housing Cost
—
Breakdown
Assumptions: housing budget = 35% of (monthly income − monthly debts).
Closing costs estimated at 3% of home price. This is an estimate, not a commitment or approval.
Skip to content 
Optimized by Seraphinite Accelerator