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title: Affordability Calculator | Framework
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### How much house can I afford?

Your finances

Annual household income

$

Total annual income before taxes for you and your household members.

Monthly debt

$

Loan and debt payments, not living expenses like rent, groceries, or utilities.

Down payment

$

Your savings plus any help from a homebuyer assistance program, like a grant or forgivable loan. If the assistance is a loan you'll repay monthly, add that payment to your monthly debt.

Loan & home costs

Interest rate

%

Your quoted or expected mortgage rate.

Loan term

30 years 20 years 15 years 10 years

Fixed-rate mortgage length.

HOA fees (monthly)

$

Enter 0 if the home has no homeowners association.

Home insurance (yearly)

$

Your annual homeowners insurance premium.

Repairs & maintenance

None 1% of home price per year 1.5% of home price per year 2% of home price per year 2.5% of home price per year 3% of home price per year

Most homes need 1–3% of their price each year for upkeep. Newer homes sit at the low end; older homes at the high end.

Estimated buying power

Affordable

—

—

Up to 36% DTI

Stretch

—

—

Up to 43% DTI

Difficult

—

—

Up to 50% DTI

View amortization schedule

Affordable

Stretch

Difficult

Yearly

Monthly

Loan amount

—

Monthly P&I

—

Total interest

—

Paid off

—

| Year | Principal | Interest | Balance |
| --- | --- | --- | --- |

Enter your income and down payment above to see a schedule.

Shows principal and interest on the loan only. Taxes, insurance, HOA fees, repairs, and PMI aren't part of the loan balance.

 Estimates use a 1.1% annual property tax rate and add mortgage insurance (PMI) of 0.5% of the loan per year when the down payment is under 20%.