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Home Affordability Calculator

This works the way a lender does: it starts with your income, subtracts the debts you're already paying, and sees what's left for a house payment. You get a range rather than a single number, because the top of what you qualify for and the number you'll be comfortable writing every month are usually two different things.

Your numbers

Before taxes, and only income you can document.

Cards, car loans, student loans, child support. Not rent, groceries, or utilities.

Cash you'll put toward the purchase.

For illustration. Enter any rate you want to test.

Assumptions

Both of these are adjustable. They're planning numbers, not lender guidelines or a quote.

The share of gross income going to housing plus other debts. Limits vary by program and lender.

As a percent of the home price, per year. Varies a lot by city and property.

Your estimate

Estimated price range

$753,578 – $896,195

The low end leaves more breathing room. The high end uses the full ceiling you set.

Comfortable price (36% of income toward debt)
$753,578
About $4,600.00 a month, taxes and insurance included.
Top of the range (43% of income toward debt)
$896,195
About $5,650.00 a month, taxes and insurance included.
Room for a housing payment
$5,650.00
43% of your gross monthly income, minus the $800.00 of debt payments you entered.
Loan amount at the top of the range
$746,195
After your $150,000 down payment.
Gross monthly income
$15,000.00

Most people should live somewhere in the lower half of this range. Qualifying for a number and being happy with that payment every month are different things, and the calculator only knows the first one.

Get Pre-ApprovedQuestions? Contact Luke

This uses a debt-to-income approach: your gross monthly income times the ceiling you set, minus the debts you're already paying, leaves the room available for housing. Property taxes and insurance come out of that room too, which is why they're in the assumptions above.

Not included: mortgage insurance, HOA dues, and the loan program you'd actually use — all of which move the number. Real qualifying also depends on credit, reserves, and how your income is documented. A pre-approval settles it properly.

Buying your first home? The down payment field above is where most first-time buyers get stuck, and the Orange County first-time buyer guide covers what you actually need at closing and whether down payment assistance reaches prices here.

About these estimates

This calculator is a planning tool. It is not a loan offer, a rate quote, a pre-approval, or a decision about what you qualify for. The rate, term, taxes, insurance, and fees it uses are the ones shown or that you enter — they are for illustration and are not quoted terms.

Estimates exclude mortgage insurance and lender-specific fees unless you enter them, and they assume a fixed rate for the full term. Your actual payment, costs, and eligibility depend on the lender, the property, your credit and income, and a complete application. Before you make a decision on any of these numbers, let's talk through them together.