How much house can I afford?

A common approach starts from a debt-to-income ratio: total monthly debts including the new housing payment divided by gross monthly income. Many programs look for 36% to 43%, some allow more with strengths. This calculator turns that into an estimated price.

What DTI should I use?

36% is conservative; 43% is a common upper guideline; some programs go higher. A loan officer can tell you what applies to your situation.

Does this include closing costs?

No. Closing costs are separate from the down payment and vary by loan and location.

Why is my estimate different from a pre-approval?

A pre-approval reviews your credit, income documents, assets and the specific program. This calculator uses only the numbers you enter.

Should I borrow the maximum?

Not necessarily. The calculator shows a ceiling under the DTI you choose; a comfortable budget depends on savings goals and other costs of owning a home.

What counts as monthly debts?

Minimum payments on car loans, student loans, credit cards, personal loans and other obligations that appear on a credit report, plus support payments.

How do lenders treat student loans?

Rules vary by program, especially for deferred or income-driven plans. Ask a loan officer.

Is this an offer of credit?

No. It is an educational estimate from a website provider, not a lender.

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Home affordability calculator

Estimate a comfortable home price from annual income, monthly debts, the cash you have for a down payment and a target debt-to-income ratio.

Estimates for illustration only. Mortgage Funnel Suite is a website and marketing provider, not a lender, broker or financial advisor; this is not an offer of credit or a rate quote. Talk to a licensed loan officer for real numbers.

How the math works

What this calculator does

1Monthly income = annual income ÷ 12.
2Maximum housing payment = monthly income × target DTI − monthly debts.
3Subtract estimated monthly taxes and insurance to get the principal-and-interest budget.
4Convert that budget into a loan amount with the amortization formula, then add the down payment.

Loan = PI × (1 − (1+r)^−n) / r
Price ≈ Loan + down payment

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Calculator questions, answered

YouHow much house can I afford?

Funnel Suite team
A common approach starts from a debt-to-income ratio: total monthly debts including the new housing payment divided by gross monthly income. Many programs look for 36% to 43%, some allow more with strengths. This calculator turns that into an estimated price.
YouWhat DTI should I use?

Funnel Suite team
36% is conservative; 43% is a common upper guideline; some programs go higher. A loan officer can tell you what applies to your situation.
YouDoes this include closing costs?

Funnel Suite team
No. Closing costs are separate from the down payment and vary by loan and location.
YouWhy is my estimate different from a pre-approval?

Funnel Suite team
A pre-approval reviews your credit, income documents, assets and the specific program. This calculator uses only the numbers you enter.
YouShould I borrow the maximum?

Funnel Suite team
Not necessarily. The calculator shows a ceiling under the DTI you choose; a comfortable budget depends on savings goals and other costs of owning a home.
YouWhat counts as monthly debts?

Funnel Suite team
Minimum payments on car loans, student loans, credit cards, personal loans and other obligations that appear on a credit report, plus support payments.
YouHow do lenders treat student loans?

Funnel Suite team
Rules vary by program, especially for deferred or income-driven plans. Ask a loan officer.
YouIs this an offer of credit?

Funnel Suite team
No. It is an educational estimate from a website provider, not a lender.

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Every suite site includes the full calculator set, branded and wired to your CRM.

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