Can I Afford This House? 🏠

Free house affordability calculator for first-time home buyers

Get an instant answer to your biggest question • No email required • 100% free

Currency:

House Price ($)

Annual Income ($)

Down Payment ($)

Credit Score (600-850)

Loan Term (Years):

Annual Property Tax (optional)

Monthly HOA Fees (optional)

Interest Rate (%) (optional)

Currency:

Annual Income ($)

Down Payment ($)

Credit Score (600-850)

Loan Term (Years):

Property Tax Rate (%) (optional - default 1.2%)

Insurance Rate (%) (optional - default 0.3%)

How Does This Calculator Work?

Our calculator uses the 28% rule - a widely accepted guideline that suggests your monthly housing payment should not exceed 28% of your gross monthly income.

We calculate your estimated monthly mortgage payment based on current interest rates (which vary by credit score), add estimated property taxes and insurance, then compare this to 28% of your monthly income.

This gives you a realistic picture of whether you can comfortably afford the house you're considering, helping you make informed decisions about one of life's biggest purchases.