How to use the home affordability calculator
- Gross monthly income: Income before tax and deductions.
- Other monthly debt payments: Credit, vehicle, student, and similar debts.
- Maximum total debt ratio (%): Chosen maximum debt-to-income ratio.
- Monthly tax and insurance: Estimated property tax, insurance, HOA, and similar housing costs.
- Down payment: Cash applied to purchase price.
- Mortgage rate (%): Estimated annual fixed rate.
- Loan term (years): Mortgage term.
- Select the button and review the result.
Worked example
The estimate converts an available monthly principal-and-interest payment into a loan amount.
Method and limitations
Maximum debt payment - other debt - housing costs.
Lenders apply detailed income, credit, reserve, insurance, and property rules.
Common questions
Why might another result be different?
Inputs, rounding, policies, rates, and assumptions can differ. Compare like-for-like values and use current official information when a rate or rule can change.
Does NidXee save my entries?
No. The calculation runs in your browser. Reloading or closing the page may clear it.