At this salary, existing debt and the down payment often constrain the estimate before the headline income multiple does. The calculator opens with $50,000 of yearly household income and neutral national planning assumptions. Open the original calculator.
The price you could afford at every rate from 3% to 10%, holding everything else steady. The dot is today. Hover to explore.
Your housing budget is a share of gross monthly income (25 / 28 / 33% by comfort level), also capped so housing plus your other debt payments stay under 41% of income — the way lenders check it. The budget covers the loan payment, property tax (default 1.1% of price a year), insurance + HOA, and mortgage insurance of 0.6% a year automatically when the down payment is under 20%. The price is solved so the whole package fits the budget exactly.
A planning estimate, not a preapproval — lenders also look at credit score, work history and reserves, and their limits differ. Closing costs (typically 2–4% of the price, on top of the down payment) are not subtracted from your savings here. Utilities and upkeep are not in the budget share; a common rule of thumb is to keep another 1% of the home’s value per year for repairs.
budget/mo = income/12 × comfort share
(capped: budget + debts ≤ 41% of income/12)
price solves: loan payment + property tax/12 + insurance + PMI = budget
loan = price − down payment