HomeAffordability: Calculator

Find a realistic home price range before you start house hunting. Enter household income, monthly debts, down payment, interest rate and loan term, plus property tax, insurance and HOA dues. • Three bands side by side: conservative (25/33), recommended (28/36) and stretch (31/43) debt-to-income ratios • Estimated home price, loan amount, principal and interest, property tax and total housing payment • Shows whether the housing ratio or the total debt ratio is what limits your budget • Enter the down payment as a percent or a dollar amount • Start from presets such as starter buyer, debt heavy, strong cash or condo budget • Save buyer scenarios with notes and reload them later • Conventional or FHA loans: FHA adds the 1.75% upfront MIP and the annual MIP tiers from HUD Mortgagee Letter 2023-05; for conventional loans enter your own PMI rate • Optional fourth band with your own housing and total debt ratios • Rate sensitivity table shows how the price moves when the rate goes up or down • Reverse mode: enter a target price to see the income each band needs • Share a summary of your estimate Estimates only, not financial or lending advice. Official sources: • HUD Mortgagee Letter 2023-05 (FHA mortgage insurance premiums): https://www.hud.gov/sites/dfiles/OCHCO/documents/2023-05hsgml.pdf • HUD Single Family Housing Policy Handbook 4000.1: https://www.hud.gov/hud-partners/single-family-handbook-4000-1 Not affiliated with or endorsed by any government agency.