How Much House Can You Afford With 10% Down?

A 10% down payment can increase your buying power but may still require private mortgage insurance (PMI) depending on the loan type.

If you are buying a home with 10% down, the price you can afford will depend on your income, monthly debts, credit profile, and current mortgage interest rates.

Example affordability with 10% down

Example household income: $200,000

Monthly income: $16,667

Recommended housing budget (28–36 rule):
$4,600 – $6,000 / month

Estimated home price range:
$750K – $1.05M

Use the calculator below to estimate your personalized monthly payment and see what home prices fit your budget.

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Affordability Estimate

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Example Affordability Scenarios

Home Price

Down Payment

Monthly Payment

$750,000

$900,000

$1,050,000

10%

~$4,700

~$5,600

~$6,600

With a 10% down payment, buyers may need to pay private mortgage insurance (PMI) until the loan balance reaches roughly 80% of the home's value. PMI can increase the monthly payment but allows buyers to purchase a home with less upfront cash.

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