Free Tool

Home Affordability Calculator

Find out how much house you can afford based on your income, debts and down payment before you start shopping for your next home.

Your estimate

USD

Maximum Home Price

$285,339

Maximum loan$235,339

Down payment17.5%

Est. monthly payment (principal + interest)$1,488

Max monthly housing budget$1,750 /month

Consider Mortgage Insurance

With less than 20% down, you may need to pay mortgage insurance (PMI/LMI).

This calculator provides estimates based on general guidelines. Actual affordability depends on credit score, specific lender requirements, and other factors. Get pre-approved for an accurate assessment.

Buying Your Next Home?

Talk with Ryan about timing your purchase with the sale of your current home. Buyer agreement terms are explained before you sign.

How the Math Works

What Goes Into This Estimate

The calculator takes the share of your gross monthly income you choose (28%, 36% or 43%), subtracts your existing monthly debts, and works backward to the largest loan that payment supports.

Adding your available down payment gives the maximum home price. Lenders also weigh credit score, reserves and loan type, so treat the result as a starting range, not an approval.

Keep reading: Selling and buying at the same time in Minnesota .

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