Mortgage Affordability Calculator
Estimate a home price from an affordable monthly principal-and-interest budget.
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$
%
years
Estimated affordable home price
$475,527.05
Estimated loan$395,527.05
Down payment$80,000.00
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How the calculation works
This calculator applies the standard formula below to the values you enter. Results update instantly in your browser—nothing is submitted to a server.
Formula
Affordable principal is the present value of the monthly payment annuity.
Worked example
This estimate excludes taxes, insurance, HOA, and lender qualification rules.
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Frequently asked questions
Is this mortgage affordability calculator free?
Yes. It works instantly in your browser with no signup.
Are the results exact?
Results follow the stated formula, but real-world fees, timing, and rounding can vary.
Results are estimates for informational purposes and are not financial or professional advice.