Estimate a home-price budget from income, existing debt, carrying costs and an available down payment.
Printed from Calxy · https://www.calxy.net/financial/house-affordability-calculator
0.01 – 10000000000
0 – 10000000000
0 – 100
0 – 100
0 – 10000000000
0 – 10000000000
0 – 100
1 – 50
Estimated home price budget
$319,465.74
The caps are editable planning assumptions, not approval thresholds. Keep closing costs and reserves separate from the down payment.
Housing budget = smaller of the housing-income cap and total-debt cap less existing debt.
Principal-and-interest budget = housing budget − monthly carrying costs.
Loan amount = payment budget ÷ monthly payment per dollar borrowed.
Take the smaller housing budget allowed by your two editable income ratios. Subtract property costs, then convert the remaining principal-and-interest payment into a loan balance. Add the down payment; keep closing costs outside it.
At $10,000 monthly income, a 30% housing cap, no other debt, $500 monthly carrying costs, 0% interest and ten years, $2,500 per month supports $300,000 borrowed. A $20,000 down payment gives a $320,000 budget.
This page derives the housing budget from income and debt assumptions. Mortgage budget mode starts with a housing payment you already chose. Neither is a lending decision.
Last updated . Results are estimates for informational purposes only.