Ski home affordability calculator

A starting point for your budget, built from your numbers and assumptions you can see and change.

Household income per year ($, before tax)

Monthly debt payments ($)Car, student loans, minimum card payments, etc.

Down payment ($)

Interest rate (%)Illustrative. Use a quote from a lender.

Loan term

Monthly HOA ($)

Property tax rate (% of price per year)Varies widely by county.

Insurance rate (% of price per year)

Debt-to-income limits

Housing limit (% of gross income)

Total debt limit (% of gross income)

28% and 36% are common rules of thumb. Each loan program sets its own limits.

Estimated price you could consider

Up to about $277,000

Monthly housing budget$1,983

Principal and interest$1,561

Taxes, insurance, HOA and PMI$415

The housing-cost limit is the limiting factor.

See listings up to $277,000

A planning estimate rather than a pre-approval. It leaves out closing costs, savings reserves, credit score effects and program-specific rules, so talk with a licensed lender before you shop.

A bright mountain home kitchen with a wall of windows facing the snow

How this estimate works

The calculator finds the highest price whose full monthly cost (principal and interest, property tax, insurance, HOA and PMI) stays within two limits: housing costs as a share of gross monthly income, and all monthly debts including housing as a share of gross income. The lower of the two sets the budget.

Lenders look at much more: credit history, savings, employment, the loan program and the property. A comfortable budget can also be lower than what a lender approves. The CFPB's homebuying guide walks through the process.