Affordability Calculator
Determine how much home you can afford based on your income, debt, and down payment. Plan your future with The Smith Mortgage Group.
How Much House Can You Really Afford?
Our smart affordability calculator helps you find your perfect home budget without the guesswork.
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Your Home Budget Analysis
Based on your financial profile
Maximum Home Price
$0
This is your recommended budget ceiling
Estimated Monthly Payment
$0
Includes principal, interest, taxes & insurance
Down Payment Required
$0
3-20% of home price depending on loan type
Understanding Your Affordability
The 28/36 Rule
Most lenders follow these guidelines to determine how much you can borrow:
- 28% of gross income for housing costs
- 36% of gross income for total debt
- Includes principal, interest, taxes, insurance
Beyond the Calculator
Factors that affect your actual buying power:
- Credit score and history
- Employment stability
- Debt-to-income ratio
- Loan program requirements
- Market conditions
Next Steps
Ready to move forward? Here's what you can do:
- Get pre-approved for exact numbers
- Explore down payment assistance programs
- Adjust your budget based on real listings
- Consult with our mortgage specialists
Related resources for Affordability Calculator
Continue with a relevant guide or planning tool based on your next question.
- mortgage payment calculator — Model a specific loan amount and estimated costs.
- first-time homebuyer guide — Review the steps that follow budget planning.
- mortgage document checklist — Prepare records for prequalification and underwriting.
Contact Us Today
Get a personalized consultation and discover how we can help
you achieve your homeownership goals with confidence.