Finance
Mortgage Affordability Calculator
- Browser-based
- No signup
Browser-based
Enter gross income, monthly debts, housing ratio, down payment percent, interest rate, and loan term to estimate a maximum home price, loan amount, and monthly payment. Optional property tax, insurance, and HOA are subtracted from the housing budget.
How to use this tool
1. Enter gross income and choose annual or monthly period. 2. Set housing ratio (%), monthly debt payments, and down payment (%). 3. Enter mortgage rate, term, and optional property tax, insurance, and HOA. 4. Click Calculate affordability. 5. Review max home price, loan amount, and monthly payment breakdown.
Worked example
Example: $120,000 annual income, 28% housing ratio, $400/month debts, 20% down, 6.5% rate, and 30-year term estimates a maximum home price—adjust tax and insurance to match your market.
How it works
Estimates an affordable home price from gross income, a housing-ratio guideline, monthly debts, down payment, interest rate, term, and optional tax, insurance, and HOA costs. Uses common front-end and back-end DTI-style limits—results are planning estimates, not lender approvals.
Limitations
Affordability rules vary by lender and program. Property tax, insurance, and HOA are estimates you provide.
Privacy and file handling
Your data is processed in your browser and is not uploaded to our server.
Formula or method
Affordable housing payment is limited by income × housing ratio and by a 36% total debt guideline minus existing monthly debts. Home price backs out down payment from the loan amount the payment can support.
Important notice
Affordability rules vary by lender and program. Property tax, insurance, and HOA are estimates you provide.
Frequently asked questions
Is the Mortgage Affordability Calculator free to use?
Yes. Utilnivo tools are free to use and do not require an account.
Are my inputs stored?
Utilnivo does not require an account. See the privacy note on this page for how your data is processed for this tool.
How do I get started with Mortgage Affordability Calculator?
Open the tool on this page, enter your inputs, and use the on-screen controls. No account is required.
Part of these workflows
This tool is one step in a longer job. Jump straight to your step or open the full workflow guide.
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- Refinance or buy vs rent — step-by-step workflow
- Browse all free online tools on Utilnivo
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- Rent Affordability Calculator — Estimate how much rent you can afford from your income.
- Debt-to-Income Calculator — Calculate front-end and back-end debt-to-income ratios from income and monthly debts.
- Loan Calculator — Estimate monthly loan payments, total interest, and a basic amortization summary.
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