Home Affordability Calculator
Estimate the price range you can comfortably shop in, based on your income, monthly debts, and down payment — using the same qualifying ratios lenders use.
Uses standard 28% housing / 43% total-debt qualifying ratios, ~0.6% Nevada property tax, and $1,400/yr insurance. Estimate only — not a pre-approval or commitment to lend. Your lender's program, credit, and reserves determine your actual budget.
- Est. monthly payment
- $4,200/mo
- Loan amount
- $592,805
- Down payment
- $80,000 (12%)
Payment includes principal, interest, estimated taxes, and insurance.
Frequently asked questions
How much home can I afford on my salary?
Lenders generally want your total housing payment to stay near 28% of your gross monthly income and your total debts under about 43%. This calculator applies both rules to estimate a price range. The exact number depends on your credit, loan program, and cash reserves — a pre-approval confirms it.
What counts as monthly debt?
Recurring obligations that show on your credit — car loans, student loans, minimum credit-card payments, personal loans, and child support or alimony. Utilities, groceries, and other everyday spending are not counted in the debt-to-income ratio.
How much should I put down on a home in Las Vegas?
Twenty percent avoids private mortgage insurance, but many buyers put down far less — Nevada offers conventional loans as low as 3% down, FHA at 3.5%, and 0% down for eligible VA and USDA buyers. A larger down payment raises the price you can afford and lowers your payment.
Does this include property taxes and insurance?
Yes. The estimated payment includes principal, interest, an approximate Nevada property-tax figure (about 0.6% of value per year), and homeowner's insurance. It does not include HOA dues, which vary by community — add those when you compare specific homes.
Ready to confirm your real budget?
A quick, no-obligation pre-approval turns this estimate into a number sellers trust. We'll connect you with a trusted local lender.