How Much House Can I Afford?
The maximum house price for your income and down payment.
Tip: Also consider extra expenses: notary, registration, repairs, property tax.
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About this digital tool
The affordable home calculator finds the maximum price of a house you can buy based on your income, down payment, interest rate and loan term. Enter your monthly income, existing debts and how much you can give as a down payment, and the tool estimates the maximum reasonable payment and then the loan amount and house price that follow from it.
Banks usually cap the payment at a percentage of income, so the tool helps you see whether your budget fits before you look at properties. Don't forget the extra costs: notary, property registration, repairs and property tax. The result is an estimate; the bank makes the final assessment.
How to use
- Enter your monthly income and other expenses.
- Set the available down payment and the interest rate.
- See the maximum house price.
Frequently asked questions
How much down payment is needed for a home loan?
Usually 20–30% of the price. Some banks accept 10–15%, but the monthly payment will be higher.
What should the payment-to-income ratio be?
Banks usually require the loan payment not to exceed 30–40% of net income. This calculator takes that into account.
How do I calculate how much house I can buy?
First find the maximum payment you can afford (as a percentage of income after debts). From it, with the rate and term, the maximum loan is found, and the down payment is added to arrive at the price.
What affects the price of the house I can afford the most?
Income, down payment, interest rate and term. A bigger down payment and a lower rate significantly raise the price you can buy.
What extra costs should I count?
Notary and registration taxes, loan fees, insurance, repairs and the annual property tax. Set aside an amount for them besides the down payment.