Housing Affordability Calculator

This is our housing affordability calculator. It helps estimate how much home you can afford based on your income, expenses, and financial assumptions. You can view a clear breakdown of affordability and print or download the results for easy reference.

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Mortgage loan term: Loan term can be flexible upto 40 years down to 10 years depending on the lender, loan type, and local market regulations.

Interest Rate: Actual rate can change depending on Market's Value. See our rates page.

Income-Based Calculator
Label
Input Value
Notes
$
salary + other incomes (before tax)
years
%
$
car, student loan, etc
per year
per year
per year
Results

You can afford a house up to

$0

Loan Amount

$0

Down Payment

$0

Monthly Payment: $0
Principal & Interest $0
Property Tax $0
Insurance $0
HOA Fee $0
Front-End Ratio

0%

Housing costs / Income

Back-End Ratio

0%

Total debts / Income

Income-Based Calculation Results

You can afford a house up to

$0

Input Parameters

Results Summary

Monthly Payment Breakdown

Mortgage loan term: Loan term can be flexible upto 40 years down to 10 years depending on the lender, loan type, and local market regulations.

Interest Rate: Actual rate can change depending on Market's Value. See our rates page.

Budget-Based Calculator
Label
Input Value
Notes
$
total PITI payment
years
%
per year
per year
per year
Results

You can afford a house up to

$0

Loan Amount

$0

Down Payment

$0

Monthly Payment: $0
Principal & Interest $0
Property Tax $0
Insurance $0
HOA Fee $0

Budget-Based Calculation Results

You can afford a house up to

$0

Input Parameters

Results Summary

Monthly Payment Breakdown

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About This Calculator

This calculator provides estimates based on standard lending guidelines. The conventional 28/36 rule suggests spending no more than 28% of gross monthly income on housing costs and 36% on total debt. Actual loan approval depends on credit score, employment history, and other factors. Consult with a mortgage professional for personalized advice.

Housing Affordability Index (Fixed)

Nov 2025: 108.4

Updated: Jan 16, 2026 9:43 AM CST

Units:

Index,

Not Seasonally Adjusted

Frequency:

Monthly

Housing Affordability Index (Fixed)
Source: National Association of Realtors

Notes

Units: Index

Frequency: Monthly

Seasonal Adjustment: Not Seasonally Adjusted

The fixed rate for the Housing Affordability Index assumes a down payment of 20 percent of the home price and a qualifying ratio of 25 percent. A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home.

© Copyright 2025 by E Mortgage Capital. Inc.

Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov.

A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.nmlsconsumeraccess.org

Loan Officer at E Mortgage Capital, Inc. 3750 S Susan Street Santa Ana, Ca. 92704. NMLS#1416824 NMLS#1396861 DRE#00853403. Equal Housing Opportunity Lender. https://www.nmlsconsumeraccess.org. For State Requirements, go to https://www.emortgagecapital.com/licensing.