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House Affordability Calculator to Calculate a Realistic Home Price

Calculator Preferences
House Affordability Calculator Sign
House Affordability Calculator

This calculator will calculate the price of the home you may be able to afford based on the amount of cash you have available for a down payment, and on the monthly funds available for making your mortgage payment and for paying the ongoing home ownership costs. The Alert tab includes:

  • Beware of hidden costs of home ownership.
  • Ignored ownership costs lead to falling home values.
  • Income level has little to do with affordability.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Down pmt:Down payment:Cash available for down payment:Cash available for down payment:

Cash available for down payment:

Enter the dollar amount of the cash you will have available for a down payment, after all closing costs have been paid. Enter the amount without the dollar sign and any commas.

Monthly cash:Monthly cash:Monthly PI payment and costs:Monthly PI payment and home ownership costs:

Monthly PI payment and home ownership costs:

Enter the dollar amount of the funds you will have available each month to make your mortgage payment and pay for all monthly home ownerships costs. Enter the amount without the dollar sign and any commas.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual percentage rate (APR) of the home loan, but without the percent sign.

Loan years:Loan years:Mortgage term in number of years:Mortgage term in number of years:

Mortgage term in number of years:

Enter the term of the home loan in number of years.

Property tax:Property tax:Property tax rate:Property tax percentage rate:

Property tax percentage rate:

If your property tax rate is different from the default rate of 1.15%, change the property tax rate to more closely match that of your state's rate (without the percent sign).

Home price:Home price:Home price:Home price:

Home price:

Based on your entries, this is purchase price of the home you may be able to afford.

Down pmt:Down payment:Down payment:Down payment:

Down payment:

This is the down payment amount you entered in the top of the house affordability calculator.

Loan amt:Loan amount:Mortgage loan amount:Mortgage loan amount:

Mortgage loan amount:

This is the size of the mortgage you could afford, which is the purchase price minus the down payment.

LTV:Loan to value:Loan to value ratio:Loan to value ratio:

Loan to value ratio:

Based on the purchase price and mortgage amount, this would be your loan to value (LTV) ratio. The house affordability calculator uses this figure to estimate your monthly private mortgage insurance premium.

House Affordability Breakdown
Tap the text for a description of each row result.
Pmt and Own CostsPmt and Own CostsPayment and Ownership CostsPayment and Ownership CostsMonthlyMonthlyMonthlyMonthlyAnnualAnnualAnnualAnnual
Mortgage PI pmt:Mortgage PI pmt:Mortgage PI payment:Mortgage PI payment:Mortgage PI payment:

Mortgage PI payment:

Based on your entries, this will be your monthly and annual principal and interest payment.



Based on your entries, this will be your monthly and annual utility costs (1.57% of the home value per year).



Based on your entries, this will be your monthly and annual maintenance costs (.39% of the home value per year).

Insurance:Insurance:Homeowner insurance:Homeowner insurance:Homeowner insurance:

Homeowner insurance:

Based on your entries, this will be your monthly and annual homeowner insurance costs (.42% of the home value per year).

Property taxes:Property taxes:Property taxes:Property taxes:Property taxes:

Property taxes:

Based on your entries, this will be your monthly and annual property tax costs.

PMI:PMI:Private mortgage insurance:Private mortgage insurance:Private mortgage insurance:

Private mortgage insurance (PMI):

Based on the estimated loan to value ratio, this will be your initial monthly and annual private mortgage insurance premium. This premium will decrease as you increase your equity in the home.



Based on your entries, this is monthly and annual total of your payment and home ownership costs for the purchase price of the home the house affordability calculator estimates you can afford.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



Add or remove this page to/from my favorites.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.