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.
You can afford a house up to
Housing costs / Income
Total debts / Income
You can afford a house up to
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.
You can afford a house up to
You can afford a house up to
The conventional 28/36 rule is commonly used as a general planning guideline, but these percentages are not universal mortgage qualification limits. Acceptable debt-to-income ratios can vary by loan program, lender requirements, automated underwriting findings, borrower profile, and other factors.
Your estimated home-buying budget can change even when your income stays the same. Housing expenses and other monthly obligations can affect the amount that may fit within your budget.
Your estimated affordability is only a starting point. Learn more about the factors used to evaluate your purchase qualification, or review Fannie Mae’s guidance on debt-to-income (DTI) ratios.
This calculator is an educational planning tool designed to help you estimate a potential home-buying budget based on the information you enter. The result is not a mortgage preapproval, loan approval, underwriting decision, or guarantee that you will qualify for a particular loan amount.
Actual mortgage qualification depends on additional factors reviewed by a lender, including your verified income, debts, credit history, assets, property details, loan program requirements, and debt-to-income ratio (DTI). Your actual approved loan amount and monthly payment may be higher or lower than the calculator estimate.
Once you have an estimated home-buying budget, the next step is to understand how mortgage qualification works. Review our Purchase Qualification resource to learn more about the financial information considered when evaluating your mortgage options.
For a closer look at the monthly payment for a specific home price, use our Mortgage Payment Calculator.
