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Can I afford this home?

See the monthly cost, cash needed to buy and what’s left in your budget.

2026 tax year · Planning estimate · No account required

Amounts in USD
The homeUSD
Your mortgage

Example fixed rate. Use your lender’s quote.

We estimate take-home pay for the location above.

Your everyday budgetUS$2,050 / month · adjust to yours

Food, transport and other bills. Exclude home costs and debt entered separately.

Monthly loan and card payments.

What you want to save after buying.

For a shared budget, include the co-buyer’s income and everyday costs.

This home would cost

US$2,983 / month

Other home costs include tax, insurance, utilities, fees and money for repairs.

Cash needed to buy

US$52,000

US$40,000 down + US$12,000 closing costs. Paid once.

Money left each month

US$1,373

After home costs, everyday bills, debt and savings.

Uses US$6,406 estimated take-home pay and US$2,050 for bills, debt and savings each month.

What’s included in the monthly cost?

Divide an annual property-tax estimate by 12.

Use a quote for the home.

Heat, power, water and other utilities you pay separately.

Money to save for future repairs, not a monthly bill.

Leave at 0 if no shared fees apply.

Mortgage insurance (PMI): US$150 / month, included above.

Down payment & closing costs

Mortgage amount: US$360,000.

Your down payment
US$40,000
Estimated closing costs
US$12,000

Closing costs are extra taxes and fees paid when you buy. They are separate from your down payment.

Added to the percentage-based estimate.

Replace the example with your Loan Estimate.

Will my savings cover it?

Cash for the purchase and money you want to keep.

For your emergency fund or other plans. This is not a purchase cost.

Your savings cover the purchase.

Lending assumptions

Planning assumption; lender and program eligibility must be confirmed.

Share of income before tax used for the borrowing estimate. Your lender may use a different limit.

Estimated yearly share of the loan while PMI applies. Use a lender quote.

Planning estimate, not mortgage approval.

Calculation details & sources

The monthly estimate

Estimated take-home pay minus ownership costs, everyday bills, debt and savings. Repairs are a reserve; the other ownership amounts are estimated monthly payments. Component rounding may differ by a cent.

The upfront estimate

Your chosen down payment plus its estimated closing costs. The mortgage uses that same down payment. Savings you want to keep are checked separately and are not included in the cost to buy.

Estimated take-home / month
US$6,405.55
Ownership costs / month
US$2,982.56
Other costs & savings / month
US$2,050.00
Money left / month
US$1,372.99
Borrowing-and-cash price ceiling
US$437,588
Mortgage rate used
5%

Mortgage & tax assumptions

Take-home pay uses an ordinary full-year resident wage estimate with standard deductions and modeled wage credits. It is not a complete tax return: age, dependants, itemized deductions, other income and eligibility-based refunds are not entered.

Employee payroll contributions use standard shares unless confirmed elections are supplied. Employer-paid shares, approved exemptions, employer-specific programs and unselected local taxes can change actual pay.

Final 2026 ordinary-income return lookup tables are not yet published. This annual estimate uses the published 2026 rates or estimated-tax/statutory schedule; final filing-table bins and whole-dollar return rounding may differ.

Enacted2026 chart and credit eligibility are modeled; final2026 return line rounding is not yet published.

The entered minimum down payment is a planning assumption. A 3% down payment requires a qualifying 97% loan-to-value program; buyer, education, income, property and lender restrictions are not established here. Debt-to-income ratios are entered planning limits, not an automated underwriting decision.

This is a conventional fixed-rate planning estimate, not a preapproval. Credit, loan limits, reserves, property type, and lender rules are not evaluated. FHA, VA, USDA, assistance programs, and adjustable-rate mortgages need separate estimates.

PMI and closing costs use the assumptions entered. Closing costs include the percentage allowance plus any extra buffer; taxes, insurance, escrow, points, and fees vary. Compare an official Loan Estimate.

The monthly budget includes principal, interest, property tax, homeowners insurance, PMI, HOA, utilities, and maintenance entered. Tax take-home excludes unentered payroll benefits and withholding elections.

A good life belongs in the plan.

Tell Fred about the home you want. Your financial copilot researches mortgage costs, taxes and upkeep alongside your bills, savings and other plans.

Your finances live in deezbills. Fred sets up goals, updates your budget and saves your plan, with your approval.

Meet Fred Explore deezbills
Help me figure out how to buy our first home in 3 years
Fred

I’d start your first-home plan with $1,500 a month toward an October 2029 purchase, but I wouldn’t choose a house-price ceiling yet. Your current income and budget, including daycare, leave an estimated $2,255 a month; that savings pace leaves $755 a month for other needs if your pay and spending hold. I’d leave Checking for bills and your $24,000 Emergency Savings intact.

Common questions

Does this mean I can get a mortgage?

No. This is a planning estimate using the debt ratio, down payment, mortgage rate, insurance, and costs entered. Lenders also review credit, documents, reserves, property details, and program eligibility.

Why is upfront cash more than the down payment?

Cash needed to buy is your chosen down payment plus estimated closing costs. The closing-cost estimate uses a share of the home price and any extra allowance entered. Money you want to keep is checked separately against your savings, not added to the purchase cost. Replace the example closing costs with your lender’s Loan Estimate.

How is money left each month calculated?

Estimated take-home pay minus mortgage payments, property tax, home insurance, PMI when applicable, HOA fees, utilities, a repairs reserve, everyday costs, debt payments and the savings amount entered. Repairs are money set aside, not a bill due every month. Costs you have not entered still need to come from the amount left.

Which costs and assumptions should I check?

Use a lender quote for the fixed mortgage rate and PMI, and your Loan Estimate for closing costs, including local taxes and fees. Check property tax, home insurance, HOA fees, utilities and repairs for the home. Moving costs and unentered expenses are not automatically included. FHA, VA, USDA, adjustable-rate and other specialized loans are not modeled.