CNNMoney.com
How much house can you afford?
Tell us how much you make, how much you've got for a downpayment, and your debt, and find out how far to stretch when home hunting.

HOME AFFORDABILITY
About this calculator:

• To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.
• ASSUMPTIONS: We've assumed a 30-year mortgage term, annual property tax of $3,500 and homeowners insurance of $481 -- the national average. And we do not factor in private mortgage insurance, which you'll owe if your downpayment is less than 20 percent of the purchase price. It averages from $50 to $80 per month. Plug in your own numbers for more tailor-made results.
Related stories
• Buying a home 101
• Lining up cash
• The hunt for a home
• Closing the deal
• Does it pay to remodel?

HOME More real estate tools
• Mortgage payment estimator
• Renovation wizard
• Cost of living estimator

Enter income/mortgage info
Gross annual income: $ 
Downpayment amount: $ 
Monthly debt:
(eg. student loan, credit card payments)		 $ 
Mortgage rate:  %
Annual property taxes: $ 
Annual homeowner insurance: $ 
CALCULATE  

RESULTS
  CONSERVATIVE AGGRESSIVE
Minimum house
price:		 $ 
Loan amount: $ 
Monthly mortgage
payment:		 $ 
Taxes/homeowner
insurance:		 $ 
Total monthly payment: $ 
TRY AGAIN

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.