Home Affordability Assessment

Quick Affordability Check

Answer 4-5 questions and we'll estimate the rest using standard rules of thumb.

Gross Annual Household Income ($)

Total Monthly Debt Payments ($) Car loans, student loans, credit cards, etc.

Home Price You're Considering ($)

Down Payment

Custom Down Payment ($)

Mortgage Interest Rate (%) 30-yr fixed avg — check current rates

Total Liquid Savings Available ($) (optional) Checking, savings, and accessible accounts — include your down payment funds. Used to show your closing cost gap.

State

County

📐 Assumptions we'll use: Living expenses estimated at 50% of gross income · Property tax & insurance based on state/county if selected, otherwise 1.1% & 0.35% of home price · 30-year fixed mortgage · PMI at 0.5% if under 20% down

Income

Enter all sources of gross (pre-tax) income. Choose whether you're entering annual or monthly figures.

I'm entering income as:

Monthly Annual

Primary Salary / Wages

Spouse / Partner Income

Side Hustle / Freelance

Other Income (rental, dividends…)

Monthly Expenses & Deductions

We'll walk through taxes, savings, and living costs to build an accurate budget picture.

🏛️ Income Taxes

Your combined federal + state income tax each month.

I know my monthly tax amount Estimate it for me

Monthly Income Tax (Fed + State) Monthly dollar amount

📊 Tax Estimator

Tax Year Brackets & limits update annually

Filing Status

State of Residence

Children Under 17 $2,000 child tax credit each

Deduction Method

Standard Deduction Itemized Deductions

The standard deduction is a flat amount the IRS lets you subtract from your income — most people use this. Your estimated standard deduction: $0

Above-the-Line Deductions ($) Student loan interest, educator expenses, traditional IRA — these apply on top of the standard deduction

Fill in details above — your income from Step 1 will be used automatically.

💰 Retirement, HSA & Savings

Pre-tax contributions reduce your taxable income. Post-tax (Roth) comes out of take-home pay. Include ongoing savings so your cash flow cushion score reflects true discretionary income.

Pre-Tax Retirement (401k, 403b, etc.) Monthly dollar amount

Post-Tax Retirement (Roth 401k/IRA) Monthly dollar amount

HSA Contribution (Pre-Tax) Monthly dollar amount

Other Monthly Savings College funds, emergency fund, brokerage, etc.

🛒 Living Expenses

Your regular monthly spending. Edit names/amounts or add/remove rows to match your budget.

Home & Mortgage Details

Enter the specifics of the home you're considering.

Home Purchase Price ($)

Down Payment ($)

Mortgage Interest Rate (%)

Mortgage Term (years)

State (for tax & insurance estimate)

County

Annual Property Taxes ($)

Annual Home Insurance ($)

Monthly HOA / Condo Fees ($)

Total Liquid Savings Available for This Purchase ($) ⓘAll cash you could put toward this purchase — checking, savings, and money market accounts you can access without penalty. Include the funds you plan to use for your down payment. Don't count 401k/IRA (unless using first-time homebuyer exception) or investments you won't sell. Used to calculate your closing cost gap — how much you'll have left after down payment, closing costs, and recommended reserves.