Financial / Mortgage Tools

House Affordability Calculator

Estimate a conservative, balanced, and higher-end house price range based on your income, down payment, and mortgage assumptions.

Affordability Inputs

Use these values to estimate a low, mid, and higher property price range.

Gross monthly income $7,917

Used as the base for the three affordability bands.

Low

Conservative range

Designed for more breathing room in the monthly budget.

$258,000
  • Monthly housing payment: $1,092
  • Estimated loan amount: $218,000
Mid

Balanced range

A more typical middle-ground target for many buyers.

$340,000
  • Monthly housing payment: $1,567
  • Estimated loan amount: $300,000
Higher

Stretch range

A higher-end range that leaves less room elsewhere in the budget.

$417,000
  • Monthly housing payment: $2,117
  • Estimated loan amount: $377,000

How these bands work

This version uses three built-in affordability bands instead of asking you to choose a percentage manually. The calculator applies conservative, balanced, and stretch housing-budget levels to your gross monthly income and then converts each result into an estimated mortgage amount and home price.

  • Low band uses 18% of gross monthly income
  • Mid band uses 24% of gross monthly income
  • Higher band uses 30% of gross monthly income
  • This version assumes no existing debt repayments
  • These figures are estimates only and are not a mortgage guarantee