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Use this home affordability calculator for a clear financial estimate. Results update instantly in your browser.
What this calculator does
Estimate a home price range from income, deposit, debts, and mortgage assumptions.
How to use this calculator
- Enter income, recurring debts, deposit, rate, and loan term.
- Review the calculation assumptions before using the result.
- Treat the result as a budget guide rather than a lending decision.
How to calculate
Maximum loan = payment × (1 − (1 + r)⁻ⁿ) / r; maximum price = maximum loan ÷ (1 − down-payment rate).
Enter the values requested by the home affordability calculator.
Worked example
Use the default values as a worked example, then replace them with your own figures.
Understanding your result
Treat the result as a budget guide rather than a lending decision.
- Lenders use their own affordability rules.
- Double-check values and units before calculating.
This calculator is educational and is not financial or medical advice.
Frequently asked questions
What does this home affordability calculator do?
Estimate a home price range from income, deposit, debts, and mortgage assumptions.
How do I use this home affordability calculator?
Enter income, recurring debts, deposit, rate, and loan term.
What does the result mean?
Treat the result as a budget guide rather than a lending decision.
What should I check before relying on it?
Lenders use their own affordability rules.