Home-buying tool

How much home might fit your budget?

Adjust your income, existing debts, down payment, interest rate, and ownership costs to explore an estimated price range and total monthly payment.

Your financial picture

Use gross income before taxes. Estimates update when you calculate.

Conventional estimate. Enter any applicable private mortgage insurance below.

Conventional loan

A conventional mortgage is not insured by FHA or guaranteed by VA. It can offer broad occupancy and property options, while the borrower and property remain subject to lender and loan-program requirements.

Typical down payment Often 5% or more; some qualified principal-residence programs allow 3%. PMI commonly applies below 20%.
Who commonly qualifies Borrowers who meet lender standards for credit, income, debts, assets, and reserves. Terms vary by lender and program.
Property and occupancy Eligible property types may include primary homes, second homes, and investment properties, subject to appraisal, condition, condo, occupancy, and underwriting requirements.
Calculator starter assumptions Loads $80,000 down as a 20%-of-$400,000 planning example, with no PMI entered. Replace it with your actual funds and quote.

Sources: CFPB down-payment guidance ↗

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Car, student loans, credit cards, support, etc.
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Conventional starter: $80,000 (20% of a $400,000 example). Closing costs and reserves are separate.
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Enter an illustrative rate or load the latest published site average.
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Often applies with a smaller conventional down payment; obtain an actual quote.
Planning limits and program costs (advanced)
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28% is a planning rule of thumb—not an underwriting limit.
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This is editable; lender requirements vary.
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Not used for the conventional estimate.
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Enter a lender quote if applicable.
Your figures stay private. This calculator runs in your browser. It does not send, save, or share the income, debt, or down-payment amounts you enter.

Start with comfort

A lender may approve more or less than this estimate. Your own budget should also account for utilities, maintenance, repairs, savings goals, and changing expenses.

Use the total payment

Principal and interest are only part of ownership. Taxes, insurance, mortgage insurance, and HOA dues can materially change affordability.

Verify before shopping

Ask a licensed lender for a current preapproval and Loan Estimate. Property-specific taxes, insurance, and association costs must also be confirmed.

What happens if your financial picture changes? Use the Mortgage Decision Impact Lab to model new car debt, financed furniture, higher card payments, income changes, rate movement, and spending purchase cash.

Could a negotiated credit lower the payment? Read the mortgage rate buydown guide to compare temporary buydowns, permanent discount points, price reductions, and closing-cost credits. Confirm any real scenario with a licensed lender.

Educational estimate only. This calculator is not financial, tax, legal, lending, or investment advice; it does not determine eligibility, underwriting, creditworthiness, or available loan terms. Results are approximations based on the inputs and planning ratios selected. It excludes closing costs, prepaid items, maintenance, utilities, rate adjustments, and other possible expenses. Rates and costs vary. Consult appropriately licensed professionals. Edward Rokotyansky is a California REALTOR®, DRE #02199079, with Wiest Realty Inc.