House Affordability Calculator
Find out how much house you can afford based on your income and debts. Free home affordability calculator shows your max purchase price and monthly payment.
Your Finances
$10,000/month
Car loans, student loans, credit cards, etc.
Loan Terms
Annual tax as % of home value
Annual insurance as % of home value
Debt-to-Income Ratios
The 28/36 Rule
Assumptions
- • 30-year fixed mortgage
- • Conventional loan guidelines
- • No PMI included (assumes 20%+ down)
- • Actual approval varies by lender
Found your budget? Calculate your payment.
Get a detailed breakdown with our mortgage calculator.
Frequently Asked Questions
How do lenders determine affordability?
Lenders use your debt-to-income (DTI) ratio. Most require a front-end DTI (housing costs) under 28% and back-end DTI (all debts) under 36-43% of gross monthly income.
What is the 28/36 rule?
The 28/36 rule states your housing costs should be ≤28% of gross income, and total debts ≤36%. Lenders may allow higher ratios with compensating factors like excellent credit or large reserves.
How can I afford more house?
Increase affordability by: paying off debts (lowers DTI), increasing income, saving a larger down payment, improving credit score (better rates), or choosing a longer loan term.
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