See what down payment and monthly budget imply about an affordable home price.
Affordable home price$310,781
Monthly housing budget$2,100
Loan amount$270,781
Line
Monthly
Principal and interest
$1,712
Taxes and insurance (estimated)
$388
Other debt payments
$500
Total housing payment
$2,100
This works backward from the common lender guideline: housing costs under 28% of gross monthly income, and housing plus all other debt under 36%. Your number here is limited by income. Those are lender risk thresholds, not a budget that fits your life — our piece on how much house payment is actually affordable covers what they leave out. A down payment under 20% of the price usually adds mortgage insurance, which is not included above; yours is 13%. HOA dues, maintenance, and closing costs are also excluded. Education only, not personalized financial advice — see our disclosure policy.
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