How much house can you actually afford? Enter your income, debts, and down payment to get a realistic number — not the inflated amount the bank will approve you for.
How This Calculator Works
This calculator uses your gross household income and a percentage-based housing budget to determine the maximum home price you can afford. The “comfort level” setting controls how much of your income goes toward housing:
- Conservative (25%) — The safest option. Leaves plenty of room for savings, retirement, and life.
- Standard (28%) — The traditional guideline. Most financial advisors recommend this.
- Aggressive (33%) — Closer to what banks will approve, but you’ll feel it monthly.
The calculator estimates property taxes at ~1% of home value and homeowners insurance at ~$200/month. Your actual costs may vary significantly based on location. In Florida, insurance can run much higher. Here’s how to save on your premium.
For a deeper dive into what you can really afford (and why the bank’s number is usually too high), read our full guide: How Much House Can You Actually Afford?