How Much Home Can I Afford Calculator

Home Price Affordability Calculator

Use our Home Price Affordability Calculator to determine what price home you can buy based on how much money you put down and your loan amount.

Inputs

Money Saved for Down Payment ($)

The money saved for your down payment

Please Enter Mortage Amount

How Often Are You Paid?

Indicates how frequently you are paid

Please Select How Often Are You Paid

Gross Income Per Pay Period ($)

Your income per pay period before subtracting taxes and other deductions

Please Enter Net Income Per Pay Period

It looks like you may have inputted your annual income instead of your monthly net income. Please confirm you have inputted the correct net income amount.

Total Monthly Debt Payments ($)

Your income per pay period before subtracting taxes and other deductions

Please Enter Total Monthly Debt Payments

It looks like you may have inputted your total debt balance instead of your total monthly debt payments. Please confirm you have inputted your total monthly debt payments.

Mortgage Rate (%)

The current interest rate for a 30 year fixed rate mortgage is approximately 3.500%

Please Select Mortgage Rate

Loan Length (Years)

The length, in years, of the mortgage. The most common mortgage term is 30 years

Please Select Loan Length (Years)

By clicking the button above, you agree to allow FREEandCLEAR to connect you with lenders or other third parties and that FREEandCLEAR and other parties may contact you at the email address and phone number you provided, even if your number appears on a Do Not Call Registry or List. Your consent is not a condition to work with a lender or to qualify for a mortgage. Please review our Privacy Policy for more information. NMLS: 357085

Outputs

Estimated Mortgage Amount You Qualify for ($)

Down Payment ($)

Estimated Home You Can Afford ($)

Loan-to-Value Ratio (LTV) (%)

Estimated Monthly Mortgage Payment (Principal and Interest) ($)

Estimated Monthly Property Tax and Homeowners Insurance Expense ($)

The output provided represents an estimate only. Property tax and insurance rates vary by state, county and property

Estimated Total Monthly Housing Expense ($)

Current Mortgage Rates in Ashburn, Virginia as of June 28, 2022

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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.

About the calculator developer

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. Harry is a licensed mortgage professional (NMLS #236752). More about Harry

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Home Price Affordability Calculator

Inputs

Outputs

About the calculator developer