How Much Home Can I Afford?

A price range based on your income, your debts, and what lenders generally look for.

Lenders look at two ratios: how much of your income the housing payment takes, and how much all your debt takes. This estimates a purchase price that fits inside both.

Your income and debts

Gross annual income

Other monthly debt paymentsAuto loans, student loans, credit card minimums.

The loan

Down payment

Interest rate

Term in years

Ongoing costs

Annual property tax rateTexas rates are often between 1.5 and 2.5 percent of assessed value.

Annual homeowners insurance

Monthly HOA dues

Estimated Range

Your monthly payment

This calculator is provided for informational and educational purposes only. The results are hypothetical, are based solely on the figures you enter and the assumptions stated on this page, and do not account for taxes, fees, or your individual circumstances unless specifically noted. They are not a projection or a guarantee of future results, and they are not tax, legal, or accounting advice. Nothing on this page is an offer or a solicitation to buy any product. Please consult a qualified tax or legal professional about your situation. Nothing you enter is transmitted or stored. All figures remain in your browser and are cleared when you close this page. This is an estimate, not a pre-qualification or a lending decision. Lenders consider credit history, assets, employment, loan program, and other factors this calculator does not model. Mortgage insurance, HOA dues, and closing costs are not included unless you enter them.