This mortgage affordability calculator gives you an estimate.

It provides a customized estimate based on the information you provide. But like any estimate, it’s also based on some rounded numbers and rules of thumb. You may update any of the calculator fields for a more specific result.

Please fix the following items to continue:

  • Enter your annual income.
  • Enter your current monthly debt.
  • Enter your down payment.
  • Enter a state.

The following fields are required.

Enter your annual income.

Enter your current monthly debt.

Enter your down payment.



Affordability breakdown



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Understand how much house you can afford.

This mortgage affordability calculator provides an idea of your target purchase price, and it’s based on some assumptions.

First, a standard rule for lenders is that your monthly housing payment should not take up more than 28% of your gross monthly income. That way you’ll have enough money for other expenses.

The calculator also assumes that your total monthly debt obligations (debt-to-income ratio) are 45% or lower. These debt obligations can include monthly required credit card payments, car payments, student loans, alimony/child support payments, any house payments (rent or mortgage) other than the new mortgage you’re seeking, rental property maintenance, and other personal loans with periodic payments.

Finally, keep in mind that closing costs, and any additional taxes and fees, can add up. Contact a mortgage loan officer to learn more about these important parts of the homebuying process.

Get answers to some basic home affordability questions.

Understanding down payments

A down payment is the cash you pay up front when you buy a home. The larger your down payment, the less you’ll need to borrow and pay in interest—but you don’t have to have 20% to put down. Here are some down payment basics to keep in mind.

Why your credit score matters

When it comes to buying a home, credit score is an important factor. The higher your credit score, the better your chances are for approval and for better interest rates.

Affordable housing resources

Interested in down payment assistance or grant programs for homebuyers with limited incomes? Check out our access to homeownership guide. Learn about mortgages you might not have heard about, connect to mortgage loan officers and find answers to even more of your homebuying questions.

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Today’s mortgage rates

Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

Monthly payment calculator

Your monthly mortgage payment depends on a number of factors, like purchase price, down payment, interest rate, loan term, property taxes and insurance.

Get answers to frequently asked questions about mortgage affordability.

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Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

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