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.

Affordability Calculator | Find Your Home Budget | 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.

$
$30,000 - $500,000
$
$0 - $5,000
$
$0 - $200,000
%
1% - 12%

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

Contact Us Today

Get a personalized consultation and discover how we can help 

you achieve your homeownership goals with confidence.

 
Get Started