Affordability Calculator
Before you fall in love with a listing, get a sense of the price range that may fit your income and monthly obligations. Enter your numbers below for a quick estimate — then talk with us to refine it with real rates and loan programs.
Affordability Calculator
Want real numbers tailored to you? Text us → (626) 348-6426
Frequently Asked Questions
How does this affordability calculator work?
It estimates a maximum home price using a common front-end debt-to-income guideline (about 28% of gross monthly income for housing), then subtracts your other monthly debts and works backward from a 30-year payment at the rate you enter, plus your down payment.
Is the result a loan approval?
No. This is an educational estimate only. Lenders also review credit, reserves, property type, loan program guidelines, and full underwriting. Your actual approval amount may be higher or lower than what the calculator shows.
What counts as monthly debts?
Include recurring obligations such as car loans, student loans, credit card minimums, and other installment payments. Do not include utilities or groceries. Accurate debt totals make the affordability estimate more useful.
Can I afford more with a different loan program?
Sometimes. FHA, VA, conventional, and other programs have different guidelines for down payment, mortgage insurance, and debt ratios. Text Village Mortgage and we can compare programs for your income and goals.