RE View

Home Affordability Calculator

Lenders size a loan against your debt-to-income ratio, not your intuition. This calculator works backwards from your income and monthly debts to an estimated maximum home price.

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Estimated maximum home price

$721,096

Assumes a 43% debt-to-income limit.

Maximum monthly housing payment
$4,775
Estimated loan amount
$631,096
Principal & interest
$3,989
Property taxes
$661
Homeowners insurance
$125
Down payment as a share of priceUnder 20% typically triggers PMI.
12.5%

What this means

With $150,000 of gross income and $600 of monthly debt, a 43% debt-to-income limit supports roughly $4,775 of monthly housing cost — about a $721,096 home with $90,000 down.

Lenders also weigh credit score, reserves, and employment history, and affordability to a lender is not the same as comfort in your budget. Treat this as a planning estimate rather than a pre-approval.

How this calculation works

  • A maximum monthly housing payment is derived from your gross income and the debt-to-income limit you choose (43% is a common ceiling; 36% is conservative).
  • Existing debt payments are subtracted, then taxes and insurance are removed to isolate the principal-and-interest budget.
  • That budget is converted into a loan amount at your interest rate and term, and the down payment is added back to give a home price.

All results are estimates based on the assumptions you enter. RE View does not provide financial, tax, or lending advice.

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