Affordability Calculator

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
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You can afford a home up to: $0
Your debt-to-income ratio is 36%
Quite affordable.
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Affordability Help

Annual Income

This is the combined annual income for you and your co-borrower. Include all income before taxes, including base salary, commissions, bonuses, overtime, tips, rental income, investment income, alimony, child support, etc.

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Other Monthly Debts

Include all monthly debt payments for of you and your co-borrower, including: minimum monthly required credit card payments, car payments, student loan payments, alimony/child support payments, any house payments (rent or mortgage) other than the new mortgage you are seeking, rental property maintenance, and other personal loans with periodic payments.

Do NOT include: credit card balances you pay off in full each month, existing house payments (rent or mortgage) that will become obsolete as a result of the new mortgage you're seeking, or the new mortgage you're seeking.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Debt-to-Income (DTI)

Your DTI is expressed as a percentage and is your total "minimum" monthly debt divided by your gross monthly income. The conventional limit for DTI is 36% of your monthly income, but this could be as high as 41% for FHA loans. A DTI of 20% or below is considered excellent.

What Our Clients Say

rutherford latoya29

We cannot say enough about our experience working with David.After our home sat on the market for over 200 days (with another agent) with little movement, we made the difficult decision to start fresh—and from the moment David stepped in, everything changed.David brought a completely different level of energy, urgency, and professionalism. Where we had previously experienced stagnation, he came in with a clear strategy, strong communication, and a true sense of ownership over the sale of our home. He didn’t just list the property—he actively managed it.What stood out immediately was his consistency. We never had to chase him for updates. He was proactive, responsive, and always clear in his communication. Every question we had was answered thoughtfully and with intention, which gave us the confidence we had been missing for months.More importantly, David understood that selling a home—especially from out of state as a military family—is not just a transaction, it’s a high-stakes and emotional process. He treated it that way. He moved with urgency, adjusted strategy where needed, and stayed fully engaged every step of the way.The results speak for themselves: after relisting with David, our home went under contract in just 16 days and successfully closed shortly after.That kind of turnaround is not by chance—it’s the result of experience, strategy, and genuine commitment to the client.David didn’t just help us sell our home—he helped us regain momentum, peace of mind, and the ability to finally move forward.If you are looking for an agent who is proactive, communicative, and truly invested in getting results, we highly recommend working with David.

wjnusbaum

The best in the business. If you want to hire an expert, David is your guy. His knowledge of the area, moving process and connections to the community made our moving process a breeze and took about a lot of stress. Even selling during a challenging market, David had a game plan that was thoughtful crafted leading to an accepted offer in less than a week! 5-star review in all categories!

delikanakis

We moved to Oahu during the pandemic and trying to find a house during quarantine orders was not possible. We found ourselves shopping online for a home. David helped us navigate the ins and outs of buying in Hawaii. We never thought we would buy a home “virtually,” but David was incredibly accommodating from FaceTime walkthroughs to measuring rooms. Any time we had a question, he immediately responded with the answer, or researched the question and got back to us quickly. He knows his neighborhood, and made us feel comfortable buying “sight unseen.” He has gone far and above the normal responsibilities of a realtor. Even after we closed on the house, he is still making sure we are well taken care of now that we are in our new home. David is top notch.

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