This matrix shows the highest home price a buyer can afford for a given monthly payment (down the side) at a given interest rate (across the top). Each cell already includes principal & interest, property taxes, homeowner's insurance and mortgage insurance.
Find the buyer's comfortable monthly payment, follow that row to the rate you're working with, and the cell is their price ceiling. Tap any cell for the full breakdown. Starting from a price instead? Tap Payment for a price above the grid to flip it: rows become prices and each cell is the monthly payment.
Change the loan type, down payment, term or the payment (or price) range — or mark a tax-exempt buyer — and the matrix above updates.
Select two scenarios to compare
This tool provides illustrative comparisons based on your inputs. Results are estimates only and do not represent loan offers or financial advice.