💰 Finance
Calculator
Home Affordability Calculator
Know your true home buying power.
How to Use This Tool
- Enter annual income, down payment, and monthly debts.
- Enter interest rate.
- Get maximum home price and monthly payment.
The Formula
28% Rule: Max payment = 28% of income - existing debts. Loan = Payment annuity formula.
Why It Matters
You earn $80,000/year with $500/month in debts and $60,000 saved for a down payment. Using the 28/36 rule, the maximum home price you can afford is approximately $355,000 with a monthly payment of $1,433. This helps you focus your house hunt on the right price range.
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