What this tool does
Estimate a conservative, target and upper home-price range from income, debt, cash, mortgage assumptions and recurring ownership costs.
How to use it
- Enter your values: Annual gross income, Monthly debt payments, Cash available.
- Calculate
- Result: Conservative price, Target price, Upper price, Usable cash.
Formula and method
Monthly mortgage budget = monthly income × housing ratio − other debt − ownership costs. The price is limited by both present-value loan capacity and usable cash at the entered down-payment rate.
Worked example
With 120,000 annual income, 90,000 cash, 20,000 reserve and a 30% housing ratio, compare three price ranges before searching.
Useful for
- Setting a search ceiling
- Testing down-payment choices
- Keeping an emergency reserve
Limits and notes
This is not a lender approval, debt-to-income rule or property valuation. Taxes, insurance and maintenance must be entered by the user.
Frequently asked questions
Is this an official decision or quote?
No. It is a planning result based only on your inputs. Confirm important decisions with the relevant provider or professional.
Are my entries stored?
No. This tool calculates in the current browser and does not send the values to Easynivo.
Source and method review: CFPB — Your Home Loan Toolkit