Home Affordability Calculator - NewFed Mortgage

Home Affordability Calculator

Discover how much home you can comfortably afford based on your income, expenses, and down payment. Get a realistic estimate tailored to your financial situation.

Financial Details

Income & Expenses

Down Payment (Optional)

Loan Details

Property Costs

Your Affordability Results

Maximum Home Price

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Based on your income

Monthly Payment

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Total housing cost

Enter your financial details to see what you can afford

How We Calculate Your Home Affordability

We use industry-standard debt-to-income ratios and your complete financial picture to determine a safe and comfortable home price range for you.

28% Front-End Ratio

Your housing expenses should not exceed 28% of your gross monthly income for optimal affordability

36% Back-End Ratio

Total monthly debts including your mortgage should stay under 36% of gross income

Complete Picture

We include all costs: principal, interest, taxes, insurance, HOA, and PMI if applicable

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Monthly Payment Breakdown

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*The calculations provided by this affordability calculator are estimates for educational purposes only and should not be considered as guaranteed loan approval or financial advice. Your actual home affordability will depend on various factors including your credit score, employment history, down payment amount, current market conditions, and lender-specific requirements.

This calculator uses standard debt-to-income ratios as general guidelines. Actual qualification requirements vary by lender and loan program. FHA loans, VA loans, and other government-backed programs may have different qualification criteria.

The property tax and insurance estimates are based on national averages and may vary significantly based on your location and specific property. PMI rates typically range from 0.3% to 1.5% of the loan amount annually and are required for conventional loans with less than 20% down payment.

NewFed Mortgage encourages you to speak with one of our experienced loan officers for a personalized analysis of your home affordability and to explore all available loan options. Pre-qualification and pre-approval are subject to verification of information provided and satisfactory credit review.

NewFed Mortgage NMLS #1881 | Equal Housing Lender