SMART CALCULATOR / PLAN WITH CONFIDENCE

Mortgage Affordability Calculator

Estimate a comfortable home price from income, deposit, rate, term, and monthly housing costs.

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Calculation path

We reserve a portion of take-home income for housing, subtract existing obligations, then convert the remaining payment capacity into a loan amount.

Calculation path

Affordable payment = income x 35% - existing debts - other home costs; loan = affordable payment / payment factor; price = loan + down payment.

What you provide

Monthly take-home income: Use reliable monthly income after tax.
Monthly debt payments: Include existing loan, card, and other fixed debt payments.
Down payment: Cash you plan to put into the purchase.
Mortgage rate: Annual interest rate quoted by the lender.
Mortgage term: Repayment duration in years. Enter a whole-number value for this planning input.
Other monthly home costs: Estimated maintenance, insurance, and property tax.

What you receive

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Lenders use their own underwriting, gross income rules, credit checks, taxes, insurance, and property costs.

Results are estimates for planning. Confirm rates, rules, and source documents before making a financial, health, or purchase decision.

Reviewed reference factors