How Much House Can You Afford?
Calculate your home buying power based on income, debts, and financial goals using the industry-standard 28/36 rule
This calculator provides estimates based on standard lending practices and typical costs. Your actual home affordability may vary based on your credit score, local market conditions, and specific lender requirements. We recommend consulting with a mortgage professional for a detailed assessment.
Calculate Your Home Buying Power
Essential Information
Include all sources of income: salary, bonuses, alimony, etc.
Include credit cards, car loans, student loans, and other debts
Enter your desired down payment amount
20.0% of home price
Your Home Buying Power
Home Price
Monthly Payment
Payment Breakdown
Price Range
Monthly Payment
$2,249
Debt-to-Income Ratios
Understanding Home Affordability
The 28/36 Rule
Your monthly mortgage payment should not exceed 28% of your gross monthly income, and total debt payments should not exceed 36%.
Total Monthly Costs
Remember to factor in property taxes, home insurance, utilities, and maintenance when budgeting for your home.
Emergency Fund
Keep 3-6 months of housing payments in savings for unexpected repairs and maintenance costs.