Financial Tools
Affordability Calculator
Find out how much home you can truly afford today. Lenders cap your housing payment at a share of income, this works backwards from that cap to a price.
Income and Debts
Annual Gross Income (before taxes, all borrowers)
Monthly Debt Payments (car, cards, student loans)
Down Payment Available
Mortgage Rate (% per year)
Loan and Housing Costs
Loan Term
Property Tax (% of value per year)
Home Insurance ($ per year)
HOA Fees ($ per month)
Housing Ratio Cap (% of income, front-end)
Total Debt Ratio Cap (% of income, back-end; 43% is the CFPB reference)
Values shown are examples. 28/36 are the classic lender caps, many programs allow more, none of this is an approval.
What You Can Afford
| Maximum Home Price | $0 |
| Loan Amount | $0 |
| Down Payment Share | 0% |
| Monthly Housing Payment (PITI) | $0 |
| Principal & Interest | $0 |
| Property Tax | $0 |
| Home Insurance | $0 |
| Payment Cap From Income | $0 |
| Binding Limit | n/a |
| Debt-to-Income After Purchase | 0% |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
You have a price range. Now see the money behind it.
Compare published mortgage and personal loan offers, with the APR, term and fee on each.
Questions people ask
How does this calculator find the maximum home price?
It takes the smaller of two payment caps: your housing ratio cap times monthly income, and your total debt ratio cap times monthly income minus your other monthly debts. It then solves for the price whose principal and interest, property tax, insurance and HOA fees add up to that cap.
Does the result include property tax, insurance and HOA fees?
Yes. Property tax as a percent of the price, home insurance per year and HOA fees per month all count against the payment cap, so a higher figure in any of them lowers the price. Mortgage insurance is not an input; the page shows a note when a small down payment could add it.
What does the Binding Limit line mean?
It names which cap set your price. If it says housing ratio, the front-end cap on income was the tighter one; if it says total debt ratio, your other monthly debts pushed the limit lower.
Is the maximum home price an approval?
No. It is arithmetic on the numbers you entered, and the 28 and 36 defaults are editable caps, not a lender decision. Banrox is not a lender and does not approve loans.
