How Much House Can I Afford?

Even if you are conditionally approved, also known as pre-approved, for a certain home purchase price, the monthly payments might not be ideal for your budget. Use this calculator to figure out a comfortable loan and payment amount. Don’t forget to consider all the parts of a mortgage loan – down payment, principal, interest, property taxes, homeowners insurance, and possible private mortgage insurance (PMI).

How much house can I afford?

Time to buy? This calculator can help you figure out your home price range. Fill in the fields below to calculate how much home you can afford.

$ Your annual income before taxes. For joint applicants, this is your total combined annual income before taxes.
$ Your estimated, recurring monthly expenses (besides the home loan) such as student loan, credit card or other debt payments and utilities, along with variable costs like groceries and other incidentals.
$ Annual expense for local property tax calculated as a percentage of the home price; percentages will vary from location to location.
$ Your estimated annual homeowner’s insurance amount for your new home.
% The current annual interest rate you can receive on your mortgage.
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

()

The amount of money going directly toward the purchase of the home that will not be financed.

You could afford a house up to:

$

Down Payment:

Loan payment:

Estimated Monthly Payment:
Principal & Interest:
Property Taxes:
Homeowner’s Insurance
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, financial, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal financial issues. Calculators do not include the fees and restrictions that certain products may have. Please visit the applicable banking product pages on key.com for specific terms and conditions, or visit any KeyBank branch discuss what products may be appropriate for you.

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We'll walk you through your options. With your rates, terms, and benefits in hand, you'll have everything you need to take the next step.

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Call Us

1-800-KEY2YOU® (539-2968)

Dial 711 for TTY/TRS

Clients using a relay service:
1-866-821-9126

Schedule an Appointment

Talk to a Branch Manager in your neighborhood.

Schedule an appointment now