House Affordability Calculator
Estimate how much house you can afford from your monthly payment budget. Include taxes, insurance, HOA, and PMI for a more realistic number.
Down payment is %
Toggle to enter a fixed amount
Include PMI
Applies when down payment is below 20%
Affordable home price
$440,024
Loan: $352,019
Estimated monthly payment
$2,800.00
Down: $88,005
Note
This is an estimate based on a target monthly payment and typical add-ons (tax, insurance, HOA, PMI). Actual lender rules, rates, and escrow requirements may vary.
| Item | Monthly |
|---|---|
| Principal + Interest | $2,225.00 |
| Property tax | $450.00 |
| Insurance | $125.00 |
| HOA | $0.00 |
| PMI | $0.00 |
Our house affordability calculator helps you map a monthly payment budget to an estimated home price. Adjust the loan assumptions and add-ons to match your local market and lender terms.
Common Use Cases
- ✓Budget-based home shopping
Convert a target monthly payment into an estimated affordable purchase price.
- ✓Down payment planning
Try different down payment amounts or percentages and see how the price changes.
- ✓Rate sensitivity
Compare affordability under different mortgage rates and terms.
- ✓Add-on costs
Include property taxes, insurance, HOA, and PMI for a more realistic monthly budget.
Key Features
Budget breakdown
See estimated principal & interest plus common add-ons like tax, insurance, HOA, and PMI.
Copy summary
One-click copy of the key results.
CSV export
Download the monthly budget table.
Privacy-first
Runs in your browser—no sign-up and no data stored.
Frequently Asked Questions
How does this affordability estimate work?
It converts your monthly payment budget into an estimated loan amount using amortization math, then estimates a purchase price using your down payment and optional PMI.
Does this include taxes and insurance?
Yes—property taxes, homeowners insurance, HOA, and optional PMI are included in the monthly budget.
Is this the same as lender approval?
No. Lenders use debt-to-income ratios, credit scores, and underwriting rules. This tool is for planning and education.
What PMI rate should I use?
PMI varies by loan type and credit profile. A common planning range is roughly 0.3%–1.2% annually.