Home Affordability Calculator
House hunting without a budget leads to disappointment. Enter your monthly income, debts, down payment and finance terms to find the maximum home price you can safely afford — so you only view houses that fit your budget.
Max Monthly Housing Budget
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Budget for Finance Payment
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Max Finance Amount
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Max Affordable House Price
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How to use
- Enter your monthly income and the max percentage for housing (guide: 28%).
- Enter a monthly estimate for property tax, insurance and maintenance.
- Enter the down payment, finance rate and term.
- See the max affordable house price and keep your search in this range.
Tips
- The 28% housing-ratio guide keeps room in your budget for food, transport and savings.
- Do not forget one-time costs: registration, taxes and moving add up on top of the down payment.
- If the affordable price looks low, a bigger down payment or a longer term changes the picture.
Note
This is an affordability estimate, not a bank or society approval. Keep a separate budget for transfer fees, stamp duty and development charges.