Rate 1% lower
$594,413
+$53,319 vs. your estimate
$3,800/mo payment
Tools
Home Affordability Calculator
Estimate how much home may fit your income, debts, down payment, and monthly budget.
An affordability estimate assumes the file qualifies. Credit, debt-to-income, income documentation, and documented funds decide what a lender will actually approve. Improve mortgage readiness →
Estimated affordable home price
$541,094
Based on a 43% target DTI with Conventional financing.
$3,800/month estimated housing payment
- Estimated loan amount
- $511,094
- Down payment used
- $30,000
- Principal & interest
- $3,230
- Property taxes (est.)
- $210
- Homeowners insurance
- $125
- Mortgage insurance / program expense
- $234
- HOA dues
- $0
- Total estimated housing payment
- $3,800/mo
- Gross monthly income
- $10,000
- Existing monthly debt
- $500
- Maximum total monthly obligations
- $4,300
- Available housing payment
- $3,800
- Target DTI
- 43%
- Estimated total DTI
- 43.0%
Want to know your actual buying power?
A calculator gives you a starting point. A mortgage review can show you how the numbers apply to your specific situation.
See What Changes Your Buying Power
Affordability is not determined by home price alone. Each scenario below re-runs your own numbers with one variable changed.
Rate 1% higher
$495,174
−$45,920 vs. your estimate
$3,800/mo payment
+$10,000 down payment
$551,065
+$9,971 vs. your estimate
$3,800/mo payment
Monthly debt cut in half
$577,870
+$36,776 vs. your estimate
$4,050/mo payment
15-year term
$408,187
−$132,907 vs. your estimate
$3,800/mo payment
Target DTI 50%
$644,094
+$103,000 vs. your estimate
$4,500/mo payment
Compare Loan Programs
Your inputs run through every major Utah loan program. Program-specific mortgage insurance, funding fees, and guarantee fees are estimated automatically.
FHA
$532,334
Estimated monthly payment
$3,800/mo
- Loan: $511,124
- P&I: $3,231
- MI/MIP: $234
VA
$566,511
Estimated monthly payment
$3,800/mo
- Loan: $548,046
- P&I: $3,464
- MI/MIP: $0
Conventional
$541,094
Estimated monthly payment
$3,800/mo
- Loan: $511,094
- P&I: $3,230
- MI/MIP: $234
USDA
$548,755
Estimated monthly payment
$3,800/mo
- Loan: $523,942
- P&I: $3,312
- MI/MIP: $153
What Determines How Much Home You Can Afford?
- Income
- Lenders look at stable, documentable gross income — not take-home pay. Bonus, overtime, and self-employment income are averaged and may require a longer history.
- Existing monthly debt
- Car loans, student loans, credit card minimums, personal loans, and court-ordered support reduce the payment left for housing.
- Interest rate
- Rate drives principal and interest directly. Even a small rate change moves the price you can support by tens of thousands of dollars.
- Down payment
- More cash down lowers the loan amount, can remove mortgage insurance, and may improve pricing — but reserves after closing matter too.
- Property taxes and insurance
- These are escrowed into your payment and vary by county, valuation, and coverage. Utah primary residences often run near 0.55% of value in property tax.
- HOA dues
- HOA dues count toward your housing payment even though they aren't part of the loan.
- Loan program
- FHA, VA, Conventional, and USDA each apply different down payment minimums, mortgage insurance, funding fees, and eligibility rules.
- Credit and underwriting requirements
- Credit score, reserves, employment history, property type, and underwriting findings all shape final terms.
Affordability Is Not the Same as Loan Approval
This calculator provides an estimate for planning purposes. Actual mortgage qualification may consider credit, employment and income documentation, assets, reserves, property type, loan program requirements, underwriting findings, and other factors. Two buyers with identical income can receive very different answers once their full file is reviewed.
Learn about each program
Related Guides & Resource Centers
Turn your affordability estimate into next steps.
- Consumer GuideUtah Closing Cost Guide
The consumer guide to Utah home-purchase closing costs
- Consumer GuideThe Utah Conventional Loan Consumer Guide
The complete conventional financing handbook for Utah buyers
- CalculatorUtah VA Loan Calculator
Estimate a zero-down Utah VA loan payment, model the VA funding fee, and compare VA against FHA and conventional financing.
- Consumer GuideThe Utah FHA Loan Consumer Guide
Everything Utah buyers need to understand FHA financing
- Consumer GuideThe Utah VA Loan Consumer Guide
The complete VA financing handbook for Utah veterans
- Consumer GuideThe Utah Refinance Consumer Guide
A strategic homeowner's guide to refinancing in Utah
- CalculatorUtah Mortgage Calculator
Estimate a Utah mortgage payment including principal, interest, taxes, and insurance.
- Consumer GuideThe Utah Down Payment Assistance Consumer Guide
Grants, forgivable loans, and buyer eligibility across Utah
Trust, sources, and citation
Last updatedJuly 6, 2026Fresh
BeginnerAI-ready summary
The Utah Home Affordability Calculator estimates the price range a buyer may afford using income, itemized monthly debts, down payment, taxes, insurance, HOA dues, and interest-rate assumptions — then compares FHA, VA, Conventional, and USDA side-by-side and models what-if scenarios so Utah buyers can see how each variable moves their maximum purchase price and monthly PITI.
Key topics covered
- Debt-to-Income (DTI)
- Front-end ratio
- Back-end ratio
- PITI
- Mortgage insurance
- Down payment
- FHA vs Conventional
- VA loan qualifying
- USDA income limits
- Property taxes
- Home insurance
- HOA dues
About this resource
- Primary Topic
- Home Buying
- Secondary Topics
- FHA Loans · VA Loans · Conventional Loans · USDA Loans · First-Time Buyer
- Geographic Focus
- Utah
- Intended Audience
- First-time buyers · Move-up buyers · Utah homebuyers
- Key Concepts
- Debt-to-income · Loan program comparison · PITI · Mortgage insurance · Down payment
- Last Updated
- July 6, 2026
- Author
- Tres Miller · NMLS #217768
Ready to take the next step?
Talk to Tres — straight answers, real options, no pressure.