Houston Lending Co.

What Home Price Fits Your Budget?

Start with the monthly payment you want, and we'll work backward to an estimated home price.

Start with your real-life budget. This tool estimates the purchase price that may fit your desired total monthly housing payment. It's not the maximum a lender may approve you for.

Desired Monthly Housing Payment

Think about the total monthly housing payment that would feel comfortable in your budget.

Cash Available for Down Payment

Don't include money you need for closing costs, prepaids, reserves, or your emergency fund.

Property Tax Rate

Interest Rate

For this estimate, we're assuming

30-year fixed mortgage, homeowners insurance at 1.50% of home value annually, no HOA, and estimated conventional mortgage insurance at 0.75% annually when the down payment is under 20%.

Estimated Shopping Price

based on your desired monthly housing payment

Down Payment

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Down Payment %

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Loan Amount

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Rate Used

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Estimated Monthly Payment

Principal & Interest—

Property Taxes—

Homeowners Insurance—

Mortgage Insurance—

Estimated Total—

Want to know what you may actually qualify for based on your income, debts, credit, and loan options?

Build My Homebuying Plan →

Educational estimate only. This calculator is not a loan approval, loan estimate, commitment to lend, or rate quote. Actual purchasing power and monthly payment depend on credit, income, debts, loan program, property taxes, homeowners insurance, mortgage insurance, closing costs, and other factors. Property tax and insurance amounts can vary substantially by property.

What Home Price Fits Your Budget?

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