Finding a home that meets your budget can be difficult. This is why we have the Home Affordability Calculator to help gauge the price range that works for you!
To find the Affordability Calculator on Redfin’s website, just hover over the “Buy” tab in the top right corner of the home page and click on the “Affordability Calculator” option that drops down below.
The first piece of information that the calculator will ask for is the location you’re searching in. Once entered, the Affordability Calculator will recalculate to show loan averages and other information in that specific market.
If you have not decided on an area yet, no worries! The Affordability Calculator will use national averages that you’re welcome to adjust to meet your specific criteria.
Once you’ve entered your information, the Affordability Calculator will take into consideration the primary details you enter and provide two different prices:
- Recommended Price: What the system believes would best fit into your budget.
- Recommended Max Price: What is calculated to be the top of your budget according to the criteria you’ve entered.
While using the Affordability Calculator, it's important to remember that while this is a helpful tool to get an idea of your price range for buying a home, it doesn’t replace the expertise of a professional lender. To find lenders in your area, please visit our Open Book Directory’s lenders page found here.