Bills Bottom Line
  • Find out how much you can afford to spend on a homeĀ 
  • Know your price range as you look for a new home

How Much Can You Afford on a New Home?

Find out how much you can afford on a new home with this mortgage affordability calculator.  The calculator will determine the price range of your home based on your current income and debt.

The mortgage affordability calculator assumes a 30 year mortgage with the actual rates.  The minimum amount is based on a debt to income ratio of 28% and the maximum calculated price range is based on a 36% debt to income ratio.  Lenders may approve higher loan amounts that will result a higher debt to income ratio than 36%.  If approved, be very certain you are able to manage your monthly mortgage payments to avoid of risk of payment default and the possibility of foreclosure.