Affordability Calulator

Kansas City Affordability Calculator

Find out how much house you can afford in Kansas City, MO, and Kansas City, KS. Our affordability calculator uses your income, debts, and down payment to estimate your homebuying budget, factoring in local costs like property taxes and insurance.

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You can afford up to

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Monthly Payment $

Principal & Interest $

Tax $

Insurance $

This is an estimate only. A mortgage pre-approval is required to determine the exact amount. This is not a mortgage offer.

How the Affordability Calculator Works

Our calculator estimates your homebuying budget by analyzing:

  • Debt-to-Income Ratio (DTI): Lenders in Kansas City typically prefer a DTI below 43%. We use this to determine how much of your income can go toward a mortgage.
  • Local Costs: Includes Kansas City property taxes (~1.4% in Missouri, ~1.6% in Kansas) and estimated homeowners insurance (~$1,200/year).
  • Loan Details: Based on your input for down payment, interest rate (e.g., ~6.5% in 2025), and loan term.

For example, with a $5,000 monthly income and $1,000 in debts, you might afford a $250,000 home in Kansas City, MO, with a 20% down payment.

Estimate Monthly Payments

Kansas City Homebuying Tips

Buying a home in Kansas City? Here’s how to make the most of our calculator:

  • Account for Local Taxes: Property taxes in Kansas City, MO (Jackson County), average 1.4%, while Kansas City, KS (Wyandotte County), averages 1.6%. Include these in your budget.
  • Explore First-Time Buyer Programs: Kansas City offers programs like the Missouri Housing Development Commission, which can reduce down payment needs. Try our FHA Calculator for low-down-payment options.
  • Check Neighborhood Prices: Kansas City, MO, homes range from $200,000 in Brookside to $350,000 in Lee’s Summit. Adjust your down payment to match your target area.

Read our guide: How to Budget for a Home in Kanss City.

Frequently Asked Questions

What is a good debt-to-income ratio for Kansas City homebuyers?

Lenders in Kansas City prefer a DTI below 43%, but 36% or lower is ideal. Our calculator uses this to estimate your affordable home price.

How do Kansas City property taxes affect affordability?

Property taxes (~1.4% in Kansas City, MO) increase your monthly payment. For a $250,000 home, expect ~$3,500/year in taxes, or $292/month.

Can first-time buyers in Kansas City afford a home?

Yes! Programs like MHDC in Missouri offer down payment assistance. Use our FHA Calculator to explore low-down-payment loans.

Explore More Tools and Guides

Check out our other calculators or read our Kansas City-focused guides:

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