--- title: "Home Affordability Calculator - Free Estimate | CanDoYa" description: "Free home affordability calculator: estimate how much house you can afford from income, debts, down payment, mortgage rate, taxes, insurance, HOA and PMI." url: https://candoya.com/tools/home-affordability/ locale: en type: browser-tool --- # Free Home Affordability Calculator Category: Calculators ## How much house can I afford? A home affordability calculator estimates the highest purchase price that fits your income, debts, down payment and monthly housing costs. This free calculator applies front-end and back-end debt-to-income limits, then works backward through the mortgage payment formula so you can see the home price, loan amount and monthly breakdown. Everything runs **locally in your browser**. Enter your annual gross income, monthly debts, down payment, rate and local cost estimates, and the result updates instantly. The calculator shows which debt-to-income rule is limiting you, so the answer is more useful than a single headline price. ## How to use it 1. **Enter income and debts** - Add your annual gross income and monthly recurring debt payments, such as car loans, student loans, credit cards or child support. 2. **Set your mortgage assumptions** - Enter the down payment, interest rate and loan term. You can type the down payment as a fixed amount or as a percent. 3. **Add ownership costs** - Estimate property tax, home insurance, HOA fees and PMI. These can materially change affordability, especially in high-tax areas. 4. **Read the limiting rule** - The result shows the affordable home price, loan amount, monthly payment breakdown and whether the housing DTI or total DTI cap is the tighter constraint. ## Who it's for - **First-time buyers** checking a realistic price range before touring homes. - **Move-up buyers** comparing a larger down payment against the monthly budget. - **Borrowers with debt** seeing whether car, student or credit-card payments are the limiting factor. - **Couples planning a budget** testing conservative 28/36 debt-to-income limits before talking to a lender. - **Home shoppers** adjusting property tax, insurance, HOA and PMI assumptions for different neighborhoods. ## Expert note The quiet trap is that taxes and PMI scale with the price, so a simple loan-payment calculator can overstate buying power. This tool solves price-dependent costs by search: it keeps raising or lowering the home price until principal, interest, tax, insurance, HOA and PMI fit the smaller DTI cap. ## Frequently asked questions ### Is this home affordability calculator free? Yes. It is free, has no sign-up and runs in your browser. Your income, debt and down payment numbers are not uploaded or stored by the calculator. ### Is my financial information uploaded? No. The calculation is done with client-side JavaScript on your device. The page does not need an account, and the figures you type into the calculator are not sent to a server. ### What debt-to-income ratio should I use? A common conservative starting point is 28% for housing costs and 36% for total debt payments. Some loan programs and lenders allow higher ratios, but a lower ratio usually leaves more room for repairs, utilities, savings and income changes. ### Does this calculator include taxes, insurance, HOA and PMI? Yes. The monthly payment breakdown includes principal and interest, estimated property tax, home insurance, HOA fees and PMI. Property tax is entered as an annual percent of the home price, while insurance is entered as a yearly amount. ### Why does monthly debt reduce the affordable price? The back-end DTI cap includes your housing payment plus recurring debts. A car payment, student loan or minimum credit-card payment uses part of that cap, leaving less monthly room for the mortgage and other housing costs. ### Is the result a loan approval? No. It is an estimate for planning. Lenders also review credit, assets, reserves, loan type, location, taxes, insurance, employment history and underwriting rules. Use this to set a budget before getting a real preapproval. ### Which currency does it use? No specific currency. Enter all money values in the same currency and read the output the same way. The page formats numbers for your language but does not add a currency symbol. ## Related tools - [Mortgage Calculator with Taxes, Insurance & PMI](https://candoya.com/tools/mortgage-calculator/) - [Loan Calculator with Amortization Schedule](https://candoya.com/tools/loan-calculator/) - [Debt Snowball vs Avalanche Calculator](https://candoya.com/tools/debt-snowball-avalanche/) - [Compound Interest Calculator](https://candoya.com/tools/compound-interest/) - [Savings Goal Calculator](https://candoya.com/tools/savings-goal-calculator/) --- *Markdown edition of , published for AI agents and other automated readers. Index of key pages: .*