Home Affordability Calculator
Free online home affordability calculator – Fast, accurate, and easy to use
Calculate how much house you can afford based on salary, debts, down payment, and loan. See monthly cost, DTI, by region!
Instantly estimate your maximum home purchase price, based on your income, monthly debts, and loan details. Designed for India, US, UK, and beyond!
Home Affordability Formula
Max Affordable Payment = min [DTI rule × Income, Max allowed debt - Debts] - Property Tax - Insurance
Principal is calculated from payment, years, and interest.
Principal is calculated from payment, years, and interest.
Principal = P × (1-(1+r)-N) / r
(P = max payment, r = rate/month, N = months)Worked Example
Example: Annual income ₹12,00,000, debts ₹5,000/month, down ₹2,00,000, 7.5% for 20 years, property tax ₹2,000, insurance ₹1,000.
Result: Affordable home, max loan, monthly cost, and DTI—all above.
Try this data above and tweak for your scenario!
Result: Affordable home, max loan, monthly cost, and DTI—all above.
Try this data above and tweak for your scenario!
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How to Use This Calculator
Step 1: Enter Your Gross Annual Income
Your total (pre-tax) yearly household income.
Step 2: Monthly Debt
Include car, personal loan, credit card, etc.
Step 3: Down Payment & Loan Details
Put your down payment, select loan years, enter rate, tax, insurance.
Step 4: Calculate Affordability
Get max home price, loan, payment, and DTI instantly!
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