Mortgage Affordability Calculator

Mortgage Affordability Calculator

Luke Loan Officer

Start with your gross income to determine how much of a mortgage payment you can afford

+ Debts (optional)

Max Affordable Mortgage


With $5,000 in monthly income and $0 in monthly debt payments you can afford a maximum mortgage of $1,800 at 36% DTI.

About Your Maximum Affordable Mortgage

How much of a mortgage you can afford is determined by each lender's debt-to-income (DTI) guidelines. DTI is simply your monthly debt commitments divided by your monthly gross income.

Once you know your maximum affordable mortgage, you can easily determine your maximum home price with this calculator.

BeSmartee TipTip: Borrowers with a lower DTI will receive lower rates and better loan terms.