Home Affordability Calculator — How Much Can You Afford?
Use this home affordability calculator to estimate your price range based on income, monthly debts, and interest rates. Ideal for first-time buyers, VA buyers, and relocation clients.
How much house can I afford?
Estimate a comfortable home price based on your income, debts, and common lending guidelines. This is for education only and not a pre-approval.
Buying a home in Colorado’s Front Range starts with one important question: How much house can I realistically afford? Prices vary widely between neighborhoods, and interest rates, taxes, and insurance can make a bigger difference than many buyers expect. That’s why having a clear understanding of your monthly budget is the first step toward buying confidently.
In Colorado Springs, Monument, and Castle Rock, affordability depends not just on your income but also on factors like HOA fees, property taxes, school district boundaries, and expected long-term appreciation. Areas like Briargate or Northgate may offer strong value for families, while Monument neighborhoods such as Woodmoor or Jackson Creek tend to attract buyers looking for more space and top-tier schools. Castle Rock offers a mix of newer master-planned communities and strong long-term growth, but affordability varies significantly block by block.
Your income, monthly debts, down payment amount, and current interest rates all play a major role in shaping your price range. Even a small shift in interest rates can change buying power by tens of thousands of dollars. This calculator helps you understand these relationships immediately, giving you a realistic picture before you start looking at homes.
Using this tool is a great starting point, but it’s not the full story. Once you know your estimated budget, I can help you narrow down neighborhoods that match your price range and your lifestyle. First-time buyers, military families using VA benefits, and relocation clients often have unique needs or advantages that calculators can’t account for — like lower VA loan costs or relocation timelines.
If you'd like help translating your estimated buying power into actual neighborhoods and options, I’m here to guide you through the next steps.