Enter your income, monthly debts, and down payment to estimate the home price range you can comfortably support. It updates as you type.
Take the 2-Minute Quiz →Before you fall in love with a listing, it helps to know your range. This calculator estimates the home price you can afford based on your income, your existing monthly debts, your down payment, and a target debt-to-income ratio. When you are ready to turn an estimate into a real pre-approval, Connor Webb can give you a personalized game plan in one business day.
Already know your target price? Jump to the monthly payment calculator to break down principal, interest, taxes, and insurance.
This calculator is for estimating and educational purposes only. It is not a loan offer, a pre-approval, a rate quote, or a commitment to lend. It does not account for your credit score, reserves, property type, or program-specific rules, all of which affect what you can actually borrow. Interest rates change daily and vary by borrower; the rate field defaults to a sample value you should replace with a rate you have been quoted. All loans are subject to credit approval.
A common guideline is that your total monthly debts, including your future house payment, should stay within about 43 percent of your gross monthly income, though many loan programs allow more. This calculator uses your income, existing debts, down payment, and a target ratio to estimate a home price range. Your true number depends on your credit, program, and the day's rates, so use it as a starting point and let Connor Webb run exact figures.
Debt-to-income (DTI) is your total monthly debt payments divided by your gross monthly income. Lenders look at a front-end ratio (just the housing payment, often around 28 percent) and a back-end ratio (all debts, commonly up to about 43 to 50 percent depending on the program). Stronger credit, reserves, and down payment can support a higher ratio.
Often yes. FHA and VA loans can allow higher debt-to-income ratios than conventional loans, and VA loans require no down payment and no monthly mortgage insurance for eligible borrowers, which can meaningfully increase your buying power. Connor can compare programs side by side for your situation.
Yes. A larger down payment lowers your loan amount and monthly payment, and putting down 20 percent or more removes private mortgage insurance on a conventional loan, all of which raise the home price you can support at the same monthly budget.
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