Example: Gross annual income: $110,000 · Monthly debt payments: $500 · Down payment saved: $60,000 · Interest rate: 6.5% → Home price you can afford: $394,880.
Max loan amount: $334,880
Max monthly P&I: $2,116.67
Total housing payment: $2,566.67
Frequently asked questions
How do I calculate mortgage affordability? Uses the 28/36 rule on gross income. Enter your numbers above and the result updates instantly. For example: Gross annual income: $110,000 · Monthly debt payments: $500 · Down payment saved: $60,000 · Interest rate: 6.5% → Home price you can afford: $394,880.
Is this Mortgage Affordability Calculator free? Yes — completely free with no sign-up or paywall. It runs entirely in your browser and keeps working offline; the numbers you enter never leave your device.
How accurate is it? It uses the standard published formula for mortgage affordability. Results are estimates for planning — not financial, tax, medical, engineering, or legal advice.