Explore a comfortable purchase budget

How the calculation works

The housing budget is gross monthly income multiplied by your chosen planning limit, minus the other monthly debt payments you enter. The tool subtracts the monthly insurance, association and mortgage-insurance allowance.

The remaining amount supports a fixed, fully amortizing mortgage payment plus your property-tax assumption. The model solves for a purchase price using the down-payment percentage. A zero interest-rate input uses equal principal payments. Lender underwriting, closing costs, maintenance, utilities and reserves are not calculated.

Starting values are examples, not local market data, current rates, a quote or an approval.