This interactive affordability calculator is designed to help you estimate how much house you can afford.

Determining your budget is a crucial first step in the home-buying process. While lenders can prequalify you for a mortgage, affordability calculators give you a general idea of how much you may be able to borrow.

To use the calculator, enter your down payment, gross monthly income, regular monthly expenses, and choose from 15-, 25-, or 30-year loan terms. Based on this information, the calculator will provide both conservative and aggressive loan estimates. Keep in mind, these estimates are just guidelines—homebuyers should consider other factors when deciding how much they can responsibly afford.

Once you have a clear estimate of your mortgage capacity, you can start exploring listings within your price range.