Estimate the True Monthly Cost of a Home

Use this calculator for a practical estimate. It is not a loan commitment or quote, but it is a far better way to evaluate affordability than looking at list price alone.

Tip: buyers who want a more conservative budget often reserve something monthly for repairs, seasonal upkeep, and routine maintenance.
Principal & Interest
$0
Estimated monthly mortgage payment
Total Estimated Monthly Cost
$0
Mortgage, taxes, insurance, HOA, utilities, and maintenance
Loan Amount
$0
Home price minus down payment

Monthly Cost % Breakdown

Principal & Interest $0 0%
Taxes $0 0%
Insurance $0 0%
HOA $0 0%
Utilities $0 0%
Maintenance $0 0%

Find Your Max Home Price Based on Your Monthly Budget

Start with the monthly payment you want to stay within, then reverse the math to estimate how much home you may be able to afford once taxes, insurance, HOA, utilities, and maintenance are factored in.

Estimated Max Home Price
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Estimated purchase price based on your target monthly budget
Estimated Max Loan Amount
$0
Mortgage amount after backing out non-mortgage monthly costs
Available Monthly P&I Budget
$0
Amount left for principal and interest after taxes, insurance, HOA, utilities, and maintenance
Enter your target monthly budget and expense assumptions to estimate your maximum purchase price.
This is an estimate for planning purposes only. Actual affordability depends on lender underwriting, debt-to-income ratio, reserves, credit profile, PMI, interest rate lock terms, taxes, insurance, HOA structure, and property condition.