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Mortgage affordability

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The most house your income supports using the lender 28/36 guideline.

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Maximum home price
$421,103
  • Loan amount$361,103
  • Principal and interest$2,282
  • Property tax$351
  • Insurance and HOA$167
  • Total monthly housing$2,800
  • Down payment share14.2%

Down payment is under 20%, so expect PMI (often 0.3–1.5% of the loan a year), which lowers this price.

How this calculator works

Lenders commonly use the 28/36 rule: housing costs should stay under 28% of gross monthly income, and all debt payments together under 36%. The calculator takes the lower of those two limits, subtracts taxes, insurance, and HOA dues, and works backward to the largest loan that fits. Your down payment is added on top to find the maximum price.

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Disclaimer: These are ballpark estimates only. Real costs depend on your location, site conditions, materials, and the market. Get written quotes from licensed contractors and your lender before you set a budget.

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