Annual income (before taxes)

The amount of money you earn in one year from all sources (before taxes).

Monthly expenses

The amount of money you pay each month for bills and other living expenses, such as housing, insurance and food.

How much house can you afford?

Options for a loan with a down payment of (20%)

Note: This calculator assumes a 20% down payment for conforming fixed-rate loans.

Maximum home price (estimate)

Loan amount

Down payment

Monthly payment (estimate)

This home affordability calculator provides a simple answer to the question, "How much house can I afford?" But like any estimate, it's based on some rounded numbers and rules of thumb.

For example, this mortgage affordability calculator assumes that your monthly mortgage payment should be no more than 28% of your gross monthly income, to leave enough money for other expenses.

More about home affordability

For a complete picture, talk to a mortgage loan officer.

Our mortgage loan officers can help you understand the important factors behind home affordability, as well as learn about the different types of mortgage loans. You can also see if you prequalify - which means you'll have a better idea of how much you could afford.