Why I built RealAfford

I created RealAfford because I was a first-time homebuyer who couldn't find a calculator that answered my real question: "After I pay my mortgage, taxes, insurance, groceries, and other obligations, what will I actually have left to live on?"

Every calculator I found told me what the bank would approve me for. But approval isn't the same as affordability. Banks don't care if you can still afford groceries, grow your savings, or go on vacation. They just want to know if you'll make your payments.

I wanted a tool that would help me understand the full picture. Not just whether I could get a loan, but whether I could comfortably live in the home I was buying.

So I built one.

How RealAfford is different

Most mortgage calculators stop at your monthly payment. We go further:

We use take-home pay, not gross income

The traditional "28/36 rule" uses your pre-tax income, but you don't spend pre-tax dollars. You spend what hits your bank account. We ask for your actual take-home pay because it's more accurate and actionable.

We account for regional cost of living

$3,000 left over in Mississippi goes a lot further than $3,000 in California. When you enter your ZIP code, we adjust our estimates for groceries, transportation, healthcare, and other essentials based on your state's cost of living index.

We show you what's actually left

After subtracting your housing costs, debts, utilities, and maintenance, we estimate your remaining monthly budget. Then we compare that against typical living expenses for your household size to tell you whether you'll be comfortable, stretched thin, or house broke.

Our methodology

Monthly housing costs include:

Living expenses are estimated based on:

Important: RealAfford provides estimates for educational purposes. Your actual costs will vary based on your lifestyle, location within your state, health needs, and spending habits. This is not financial advice. It's a starting point for making informed decisions.

The numbers we use

Property tax rates are state averages from tax assessment data, ranging from 0.28% (Hawaii) to 2.49% (New Jersey).

PMI estimates are calculated based on loan-to-value ratio:

Cost of living adjustments are based on regional price parity data, normalized to a national average of 100.

Affordability thresholds for take-home pay:

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