Home Affordability Calculator

Enter Your Info

Are you buying on your own or with a spouse or co-borrower? Your Gross Annual Income ($)*

Enter your individual income before taxes.

Monthly Debt Payments ($): Select your credit score: Desired Monthly Mortgage Payment ($): Down Payment (%): Property Tax Rate (%): Home Insurance Rate (%): Interest Rate (%): Loan Term (years):

MU Home Affordability Meter

Home Price: $0

Loan Amount: $0

Debt-to-Income Ratio

36%

43%

55%

Comfortable

Affordable

Stretch

Difficult

Calculating...

Monthly Housing Payment Breakdown

Principal and Interest: $0.00

Property Taxes: $0.00

Home Insurance: $0.00

Mortgage Insurance (if applicable): $0.00

HOA: $0.00

Total Monthly Housing Cost: $0.00

Risk Tier Analysis (based on lender DTI thresholds using gross income)

Risk Level	DTI (Front/Back)	Purchase Price	Down Payment	Mortgage Payment (incl. Taxes, Ins)	Back-end DTI

Income & Mortgage Info

Your Gross Annual Income ($):

Your income will be allocated across housing, essentials, retirement savings and discretionary spending. Enter your recurring expenses below so the calculator can show you where your money goes each month. Your 401(k) contributions count toward retirement savings.

Desired Monthly Mortgage Payment ($): Total Monthly Housing Cost ($): Annual Mortgage Interest Rate (%): Monthly Property Taxes ($): Manual Monthly Take‑Home Pay ($) (optional):

If provided, this value will replace the estimated take‑home pay in the budget calculations.

Tax Information (Optional)

Effective Federal Tax Rate (% for Tax Benefits):

Used for tax benefits calculation. Calculate as Total Federal Taxes / Federal AGI from your last tax return. Default is an estimate for CA filers with $120k or less income. Override for AMT or higher incomes.

Effective CA State Tax Rate (% for Tax Benefits):

Used for tax benefits calculation. Calculate as Total CA Taxes / CA AGI from your last tax return. Default is an estimate for CA filers with $120k or less income. Override for AMT or higher incomes.

Age (for 401(k) Limit):

401(k) Contribution (% or annual $): % $

Filing Status:

W‑4 & Dependents Details (Optional)

W‑4 Allowances: Number of Child Dependents (under 17): Number of Other Dependents: Additional Withholding ($ per paycheck):

Essential Expenses

Food & Groceries ($/mo): Car Insurance ($/mo): Utilities ($/mo): Repairs & Maintenance ($/mo): Other Obligations (child support, childcare, etc.) ($/mo):

Leisure & Wants

Entertainment & Discretionary ($/mo):

Savings & Investments

Long‑Term Savings (e.g., kids' education, additional investments) ($/mo): Short‑Term Savings (emergency fund) ($/mo):

Estimated Tax Benefits

Estimated Federal Tax Benefit: $0.00

Estimated CA Tax Benefit: $0.00

Total Tax Benefit: i

This is your estimated annual additional tax benefits you can get back. You can increase your allowances on your W‑4 to lower your withholdings now or expect a tax refund later. Be sure to prorate this benefit based on your home purchase date in the first year.

$0.00

Estimated Monthly Tax Benefits: $0.00

Show Tax Benefit Details

Mortgage Interest (Annual, Deductible): $0.00

Property Taxes (Annual): $0.00

SALT Deduction (Capped, Property + State Taxes): $0.00

Total Itemized Deduction: $0.00

Standard Deduction: $0.00

Estimated Additional Deduction: $0.00

Monthly Income Breakdown

Estimated Take‑Home Pay: i

Based on your filing status and W‑4 settings. Adjust details in the Tax Information section for a more accurate result, or manually enter your actual take‑home pay under Income & Mortgage Info.

$0.00

Add Back Tax Benefits: $0.00

New Adjusted Take‑Home: $0.00

Income Allocation

Recommended vs. Actual Allocation (75/15/10)

Disclaimer: This calculator is for informational purposes only and does not constitute financial or tax advice. Actual results may vary based on individual circumstances. Please consult a professional before making any financial decisions.