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Free calculator · Estimates only

Buying power calculator.

Estimate a home price based on your income, monthly debts, down payment, and housing costs. The calculator works backward from a debt-to-income limit to a price.

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How to use itEstimates only
  1. Enter your incomeGross yearly income, before taxes, for all borrowers.
  2. List monthly debtsMinimum payments on car, student, card, and other loans.
  3. Add loan detailsDown payment percent, interest rate, taxes, insurance, and HOA.

The calculator opens with example numbers. Replace them with your own.

Calculator

Buying power

Results update as you type. The calculator opens with example numbers; replace them with your own.

This calculator needs JavaScript. Turn it on to see your estimate, or call or text (480) 526-4505.

Your income

Before taxes, all borrowers combined

Monthly debt payments

Loan details

As a % of purchase price

30-year fixed · editable

Estimated home price you may qualify for

$0

Based on a 50% debt-to-income ratio · 30-year fixed loan

Loan amount
—
Down payment
—
Principal & interest
—
Property tax
—
Homeowner's insurance
—
PMI (est.)
—
HOA / other
—
Total monthly payment (PITI)
—
50%Debt-to-income
—Gross monthly income
—Other monthly debt
Get Pre-Qualified

Estimates only, based on a maximum 50% debt-to-income ratio and a 30-year fixed loan. Actual qualification depends on credit score, loan program, reserves, and full underwriting review. PMI estimated at 0.55% annually when down payment is under 20%. Consult a licensed loan officer for exact figures. This is for educational purposes only and does not constitute a loan approval or commitment to lend.

Assumptions and limits

  • No interest rate is filled in. Enter a rate you were quoted or want to test. Assumes a fixed-rate loan with the term shown.
  • Uses a maximum 50% debt-to-income ratio. Many loan programs and lenders allow less.
  • PMI is estimated at 0.55% of the loan amount per year when your down payment is under 20%.
  • Property tax, homeowners insurance, and HOA dues are the amounts you enter.

Estimates only. This calculator is not a loan approval, a rate quote, an offer of credit, or a commitment to lend. Example numbers and rates are for illustration and are not current offers. Your actual rate, APR, payment, and terms depend on your credit, income, assets, property, loan program, and lender, and are subject to underwriting approval.

Ready for real numbers?

This calculator gives you an estimate. A licensed loan officer can review your income, debts, and credit and confirm what you may qualify for.

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How it works

Using the buying power calculator.

Here is what each field means and how the estimated price is worked out.

What the inputs mean

Gross annual income
Yearly income before taxes, for all borrowers combined.
Monthly debt payments
Minimum monthly payments on car loans, student loans, credit cards, personal loans, and other debts. Monthly living costs such as groceries and utilities are not entered here.
Down payment
A percent of the purchase price.
Interest rate
The yearly rate for a 30-year fixed loan. No rate is filled in. Enter a rate you were quoted or want to test.
Annual property tax
Your yearly property tax estimate, divided by 12.
Annual homeowners insurance
Your yearly insurance premium, divided by 12.
Monthly HOA / other
Monthly HOA dues or other housing costs. This field is monthly, not yearly.

How to read your results

  • The calculator takes 50% of your gross monthly income as the limit for all monthly debt payments, including the new housing payment.
  • It subtracts your other monthly debts. What is left is the most the estimate allows for the full housing payment.
  • It then subtracts tax, insurance, and HOA and finds the home price whose principal and interest, plus estimated PMI, fits the rest.
  • PMI is estimated at 0.55% of the loan amount per year when your down payment is under 20%.
  • If your debts already reach 50% of your income, you will see a message instead of a price.

What this calculator does not include

  • Your credit score, savings, reserves, or full underwriting review.
  • Loan program limits. Debt-to-income limits vary by loan program and lender, and your limit may be lower than 50%.
  • Closing costs or cash needed beyond the down payment.
  • Upfront program fees, such as FHA upfront mortgage insurance or a VA funding fee, and your actual mortgage insurance.
  • Property tax that changes with the price. Property tax stays at the amount you enter, even when the estimated price changes.

Results are estimates for educational purposes. They are not a pre-qualification, a loan approval, or a commitment to lend.

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FAQ

Buying power questions.

What is a debt-to-income ratio?

It is your total monthly debt payments, including the new housing payment, divided by your gross monthly income. This calculator uses 50% as the limit.

Is the estimated price what I will be approved for?

No. It is an estimate for educational purposes, based on the numbers you enter. Approval depends on your credit, income documents, assets, the loan program, and a full underwriting review.

Can my debt-to-income limit be different from 50%?

Yes. Limits vary by loan program and lender and depend on your full financial picture. A loan officer can run your numbers against the programs you are considering.

Which debts should I enter?

Enter minimum monthly payments on loans and credit cards, such as car loans, student loans, card minimums, and personal loans. Monthly living costs such as groceries and utilities are not entered here.

Does the interest rate in the calculator reflect today's rates?

No. The calculator opens with an example rate so it can show a result. Replace it with a rate you were quoted or want to test. To see current options for your scenario, use Shop Rates or talk with a loan officer.

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Get your real numbers.

Send a few details and a licensed loan officer will follow up to run your scenario with you. Prefer to move now?

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The AI assistant helps collect your application information and navigate product criteria. Formal underwriting review, rate locks, and credit approvals are conducted by licensed mortgage professionals.