Estimate a home price range from income, monthly debts, down payment, mortgage rate and a target debt-to-income ratio.
Enable JavaScript to use the interactive calculator; the example and formula are described below.
Compare how income, debt, rates, refinancing costs and ownership assumptions affect housing decisions.
Enter the values requested above and select Calculate. Change any input to compare another scenario. The calculation runs locally in your browser and does not require an account.
With $8,000 in gross monthly income, $700 of other debt and a 36% target ratio, the calculator estimates a maximum housing payment before taxes and insurance.
Estimate a home price range from income, monthly debts, down payment, mortgage rate and a target debt-to-income ratio. The result is intended for quick estimates, checking arithmetic and comparing scenarios. When a result affects a contract, tax filing, medical decision, building-code requirement or other high-stakes situation, verify the result with the appropriate professional or authoritative source.
With $8,000 monthly income, $700 monthly debt and a 36% target DTI, the budget for total monthly debt is $2,880 before subtracting existing debt.
A DTI target is a planning constraint, not a loan approval.
Taxes, insurance, association fees, credit score, reserves and lender-specific underwriting can change affordable price.
Related tools: Future Value Calculator · Investment Return Calculator
After estimating a home-price range, use the Mortgage Calculator to test a specific loan amount and rate. If you want to compare paying the loan down faster, use the Mortgage Payoff Calculator.
Estimate a home price range from income, monthly debts, down payment, mortgage rate and a target debt-to-income ratio.
Maximum housing payment ≈ gross monthly income × target housing ratio − other monthly debt. That payment is then converted to an estimated loan amount.
Yes. ERICH Calculators is free to use and does not require an account.
This is an affordability estimate, not a lending decision. Debt-to-income definitions and acceptable thresholds vary by lender and loan product.
See how formulas, sources and limitations are handled across ERICH Calculators.