Home affordability calculator
Affordability is not the maximum a lender will approve. It is the payment you can comfortably carry while keeping your life stable. This calculator models payment, Florida specific ownership costs, and cash to close so you can choose a price range with clarity.
What this models
- Purchase price range based on your target monthly payment comfort
- Florida realism early including property taxes, insurance, HOA, and mortgage insurance
- Cash to close estimate so you do not get surprised late in the process
Planning assumptions only. Not a quote. Interest rate inputs are not APRs.
Assumptions you control
Affordability depends on assumptions. This calculator lets you test realistic Florida ownership costs and financing scenarios so you can choose a price range that fits your life, not just a lender limit.
Planning tool only. This calculator does not provide loan quotes, approvals, or commitments to lend. Interest rate inputs are not APRs. Final terms depend on verified borrower details, loan structure, property details, and market conditions.
Baseline scenario
A realistic starting point using typical Florida costs and a standard financing structure. Use this to understand expected affordability under normal conditions.
Strong file test
A best case scenario for buyers with strong credit, solid reserves, and clean documentation. This shows upside potential, not guarantees.
Conservative stress test
A higher cost and rate scenario designed to protect against surprises like insurance increases or tighter qualification margins.
Home affordability tool
Set the monthly payment you want to stay within, then adjust Florida cost assumptions. The tool estimates a purchase price range that fits your comfort level.
Your comfort target
Assumptions and presets
Planning tool only. This calculator does not provide loan quotes, approvals, or commitments to lend. Interest rate inputs are not APRs. Final terms depend on verified borrower details, loan structure, property details, and market conditions.
Estimated affordability
Planning estimate only. This does not represent loan approval, qualification, or a commitment to lend. Actual approval depends on verified income, debts, credit, assets, occupancy, and property details.
Planning tool only. This calculator provides estimates to help evaluate scenarios. It is not a loan offer, not a rate quote, and not a commitment to lend.
No APR and no Loan Estimate. Interest rate inputs are not APRs and results do not represent a Loan Estimate. Your official lender Loan Estimate and closing disclosure control final terms and costs.
Assumptions and limits. Results are based on the inputs you provide and standard amortization math. They do not include all settlement charges, escrows, prepaid items, taxes, insurance, HOA dues, mortgage insurance changes, credit score impacts, or underwriting conditions.
No approval or qualification. This calculator does not determine approval, eligibility, ability to repay, or affordability.
How to read the results
Estimated home price
This is the home price that fits your target monthly payment based on the assumptions you entered. It is not a lender approval amount. If you want a safer range, use a conservative stress test.
Cash to close
Cash to close is usually where buyers get surprised. This tool estimates down payment, typical purchase closing costs, and a simple prepaid buffer. Adjust the assumptions to match your scenario. This is not a Loan Estimate and does not include lender specific credits, points, escrow requirements, or title variations.
Florida costs matter early
Property taxes and insurance can change affordability more than small rate changes. If the estimate feels off, adjust insurance and taxes first before changing the home price goal. The goal is not to find your maximum. The goal is to find your comfortable.
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Get my mortgage strategy
If you want a second set of eyes, I will help you sanity check the assumptions, tighten the payment range, and confirm your cash to close plan so you do not get surprised later.
- Confirm a comfortable payment range for your actual lifestyle
- Pressure test Florida taxes and insurance so you stay protected
- Build a cash to close plan that matches how deals really close
Calm, no pressure. Just a clear answer.
Home affordability questions
How much house can I afford per month
A better question is what monthly payment you can comfortably carry without stressing your budget. This calculator starts with your target all in payment and estimates a home price based on your assumptions. It is a planning estimate, not an approval amount.
Is affordability the same as what I get approved for
No. Approval is based on underwriting guidelines and verified borrower details. Affordability is personal and includes lifestyle, savings goals, and comfort with payment variability. Many borrowers choose a payment below their maximum approval.
Is this calculator a Loan Estimate
No. This is a planning estimate only. A formal Loan Estimate is provided after application and verification. This tool does not include lender specific credits, points, escrow requirements, or title variations.
What matters more for affordability rate or insurance and taxes
All of them matter, but in Florida insurance and property taxes can change affordability dramatically. If the estimate feels off, adjust insurance and tax assumptions first before changing the home price goal.
How much cash do I need to close on a home purchase
Cash to close typically includes down payment, purchase closing costs, and prepaids like taxes and insurance that fund your escrow. This calculator provides a planning estimate so you can build a realistic cash plan before you commit to a price.
Does the interest rate used here include APR
No. Interest rate inputs in this calculator are planning assumptions only and are not APRs. Final APR depends on fees, structure, and verified borrower details.
Does this calculator include HOA and mortgage insurance
Yes. HOA is included if you enter a monthly amount. Mortgage insurance is included as a user controlled estimate. VA monthly mortgage insurance is zero. Conventional and FHA mortgage insurance vary by loan details, so this tool uses your input.