Plan with clarity
Estimate a home-buying budget using income, debts, down payment and a monthly payment you are comfortable with. Include ownership expenses from the start.
Starting values are examples, not current rates or lending terms.
No sign-up required. Calculations run in your browser. Saved scenarios last only while this page stays open.
Understand the numbers
Change an assumption above to see what moves the result. Save a scenario to compare it with your next calculation.
Put the estimate to work
Income-based qualification and household comfort are different questions. This calculator uses the lower of your entered comfort budget and the housing allowance derived from income, debt payments and your DTI target. That keeps a larger mathematical borrowing amount from automatically becoming your spending target.
Property taxes, insurance, association dues and mortgage insurance reduce the amount available for principal and interest. The purchase budget solves for a home price using these inputs and your down payment. Keep closing costs, reserves, moving expenses, repairs and everyday living costs outside the down-payment amount.
Use property-specific insurance estimates and verify taxes with the appropriate county property appraiser or tax collector. A seller’s historical tax bill may not represent your future bill. Condominium dues, assessments and flood or wind coverage can materially change the budget. A broker review can connect a realistic payment range with the loan options suited to your situation.
Housing allowance = monthly gross income × target DTI − other monthly debts. The tool uses the lower of that allowance and your comfort budget to solve for the purchase price.
A simple example. At $12,500 in monthly gross income, a 36% DTI assumption and $800 in other debts, the income-based housing allowance is $3,700. A lower comfort budget would control instead.
Calculation model reviewed September 8, 2026. Examples are hypothetical.
Common questions
Use the estimate to prepare your questions, then review the property, documentation and financing terms with a mortgage broker.
Conventional mortgage programs · FHA mortgage options
Schedule a consultationNo. This is a planning estimate based on the values you enter. It does not verify income, credit, assets, property eligibility or lender requirements.
Enter recurring debt payments you want included in your budget, such as vehicle loans, student loans, credit cards and other obligations. Ask the lender which obligations it includes for underwriting.
No. The starting amounts are examples. Enter an annual tax percentage and an insurance estimate appropriate to the specific property and your expected ownership.
Your comfort budget may be the lower limit. The tool uses the lower of the income-based allowance and the comfortable housing budget you entered.
How much do you need to put down on a house? Compare loan minimums, $300k to $500k examples, closing costs, mortgage insurance and assistance.
Read guide
Unlock mortgage approval success by understanding and optimizing your Debt to Income Ratio. Learn how it influences your mortgage approval.
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