Zillow Mortgage Affordability Calculator

Calculate how much house you can afford with our free Zillow-style mortgage affordability calculator. Determine your maximum home purchase price and get detailed affordability analysis.

Your Financial Profile
Tell us about your income and debts

Gross income before taxes

Car loans, credit cards, student loans, etc.

Loan Parameters
Expected loan terms

Maximum Home Price

You can afford

$413,337

Based on 41% DTI ratio

Max Loan Amount

$353,337

Monthly Payment

$2,233

Debt-to-Income Analysis
Monthly Income$6,667
Existing Debts$500
Max Housing Payment$2,233
Total DTI Ratio41%

Good DTI Ratio

Your DTI is within acceptable limits for most lenders.

Important Notes

• This is an estimate based on standard lending guidelines

• Actual approval depends on credit history, employment, and other factors

• Consider additional costs like property tax, insurance, and maintenance

• Most lenders prefer a DTI ratio below 43%

How to Use Our Zillow-Style Affordability Calculator

Our affordability calculator works just like Zillow's popular calculator to help you determine how much house you can afford. Simply enter your financial information to get instant results:

  • Annual Income: Enter your gross annual income
  • Monthly Debts: Include all monthly debt payments (credit cards, car loans, student loans)
  • Down Payment: Input your available down payment amount
  • Interest Rate: Enter the current mortgage interest rate
  • Loan Term: Choose your preferred loan term (15, 20, 30 years)
  • Location: Select your state for accurate property tax estimates

What You'll Get

  • Maximum home purchase price you can afford
  • Recommended monthly mortgage payment
  • Debt-to-income ratio analysis
  • Down payment percentage and amount
  • Total monthly housing costs including taxes and insurance
  • Affordability breakdown by category

Benefits of Our Zillow-Style Calculator

  • Free to Use: No registration or fees required
  • Accurate Calculations: Uses standard affordability formulas
  • Comprehensive Analysis: Considers all your financial factors
  • Location-Based: Includes property tax estimates by state
  • Mobile Friendly: Works on all devices
  • Instant Results: Get answers immediately

Understanding Home Affordability

Home affordability is determined by several factors including your income, existing debts, down payment, and current interest rates. Our calculator uses the same methodology as Zillow:

  • 28% Rule: Your monthly housing costs shouldn't exceed 28% of your gross monthly income
  • 36% Rule: Your total monthly debts shouldn't exceed 36% of your gross monthly income
  • Property Taxes: Estimated based on your location
  • Insurance: Homeowners insurance included in calculations

Tips for Improving Your Affordability

  • Increase Your Down Payment: A larger down payment reduces your loan amount
  • Pay Down Debts: Lower your debt-to-income ratio
  • Improve Your Credit Score: Better rates mean lower payments
  • Consider Different Loan Terms: 15-year loans have higher payments but less interest
  • Look for First-Time Buyer Programs: Many states offer assistance programs

Frequently Asked Questions

How accurate is this calculator compared to Zillow?

Our calculator uses the same mathematical formulas as Zillow and other major real estate platforms, ensuring accurate affordability calculations.

What's included in the monthly payment?

The calculator includes principal, interest, property taxes, and homeowners insurance (PITI).

How does location affect affordability?

Property tax rates vary by location, which affects your total monthly payment and overall affordability.

What if I have irregular income?

Use your average monthly income over the past 2 years, or consult with a mortgage professional for guidance.

Related Calculators

Mortgage Calculator with Taxes and PMI

Calculate complete monthly payments

Debt-to-Income Calculator

Check your DTI ratio

Down Payment Calculator

Calculate required down payment