All free tools

How much house can I afford?

Estimate a home price based on your income and savings. Include the mortgage, closing costs, and your monthly expenses after moving in.

2026 tax year · Planning estimate · No account required

United States
Loading countries…

Your details

See estimate

Use a quote for the property, including separate flood or other coverage when needed.

The estimate updates as you type.

Check the plan

Estimated buying limit: US$530,809.45.

At US$650,000, housing would cost about US$4,160 a month. Approval depends on lender, credit, program, and property details.

Key numbers

Price that also fits monthly costsUS$530,809.45
Monthly housing costUS$4,160
Cash needed for the purchaseUS$52,000.00
Left after housingUS$1,404

Not included yet: a second applicant's income, condo fees.

Assumptions to check (8)
  • Take-home pay uses an ordinary full-year resident wage estimate with standard deductions and modeled wage credits. It is not a complete tax return: age, dependants, itemized deductions, other income and eligibility-based refunds are not entered.
  • Employee payroll contributions use standard shares unless confirmed elections are supplied. Employer-paid shares, approved exemptions, employer-specific programs and unselected local taxes can change actual pay.
  • Final 2026 ordinary-income return lookup tables are not yet published. This annual estimate uses the published 2026 rates or estimated-tax/statutory schedule; final filing-table bins and whole-dollar return rounding may differ.
  • The finalized2025 return uses published tax-table bins. Final2026 return tables and line instructions are not yet published; the2026 annual estimate currently uses the configured enacted/indexed rate chart and is provisional.
  • The entered minimum down payment is a planning assumption. A 3% down payment requires a qualifying 97% loan-to-value program; buyer, education, income, property and lender restrictions are not established here. Debt-to-income ratios are entered planning limits, not an automated underwriting decision.
  • This is a conventional fixed-rate planning estimate, not a preapproval. Credit, loan limits, reserves, property type, and lender rules are not evaluated. FHA, VA, USDA, assistance programs, and adjustable-rate mortgages need separate estimates.
  • PMI and closing costs use the assumptions entered. Closing costs include the percentage allowance plus any extra buffer; taxes, insurance, escrow, points, and fees vary. Compare an official Loan Estimate.
  • The monthly budget includes principal, interest, property tax, homeowners insurance, PMI, HOA, utilities, and maintenance entered. Tax take-home excludes unentered payroll benefits and withholding elections.
What this means for you

This separates the price these inputs support from the price that still leaves room each month.

Owning also ties up cash and adds ongoing costs, so the biggest supported number is not automatically the best plan.

At the home price tested, the estimate leaves about US$1,403.85 after housing, bills, debt, and savings.

Start by comparing homes around US$530,809.45 or less. If you want the tested price, try a bigger down payment or lower monthly debt first.

Closing cash looks covered. Keep that cash separate so it is still there when you need it.

The inputs that move this answer most: Down payment · Mortgage rate · Debt payments · Property tax and heat.

See how Fred can help with the next step

Estimates only, not financial advice. Source information dated October 2026.

Fred, your personal financial copilot.

You find the home. Fred works out the way there.

There’s a lot between an affordability estimate and buying a home. Fred takes on the research and planning: account choices, purchase costs, debt, savings and timing. He works out how the steps fit together and what they leave for your everyday life.

Fred, your financial copilot, ready to talk through your plans
You could ask Fred

How do we get from here to our first home?

Review the route with Fred. He creates the goals and updates the budget you approve, so you have a plan in place and someone to work through the changes with you.

7 days free. No card required.

You make the decisions. Fred handles the rest.

As life changes, your plan changes with you.

Your finances don’t start and end with a conversation. Fred works with your saved goals, decisions and context, so the next question builds on what’s already in place. Connected Gmail keeps bringing in financial records between chats, with your permission.

You don’t have to piece it all together.

The tools to organize your money come included. Fred takes on the research, calculations and decisions to work through, connecting your income, bills, debts and goals. You set the priorities. He works out what it takes.

You make the call. Fred makes it happen.

An answer shouldn’t leave you with another list of tasks. Fred creates goals, updates budgets and organizes expenses with your approval. He can find financial details in your emails and make sense of receipts, so there’s less digging, filing and remembering for you.

Common questions

Does this guarantee mortgage approval?
No. This is a planning estimate using the debt ratio, down payment, mortgage rate, insurance, and costs entered. Lenders also review credit, documents, reserves, property details, and program eligibility.
Does this include mortgage insurance and closing costs?
The estimate includes PMI below 20% down using the rate entered, plus closing costs as a percentage of price. Replace defaults with a lender quote. FHA, VA, USDA, adjustable-rate, and other specialized loans are not modeled.
Why show a price that fits monthly costs?
The maximum borrowing estimate can still leave the household budget tight. The monthly check also accounts for taxes, everyday bills, and savings.