How Much House Can I Afford?

Calculate your affordable home purchase amount using the 28/36 rule

How Much House Can I Afford?

There are two House Affordability Calculators that can be used to estimate an affordable purchase amount for a house based on either household income-to-debt estimates or fixed monthly budgets. They are mainly intended for use by U.S. residents.

House Affordability Calculator

Annual household income

salary + other incomes (before tax)

Mortgage loan term

years

Interest rate

Monthly debt payback

long-term debts, car, student loan, etc

Down payment

Property tax

% per year

HOA or co-op fee

% per year

Insurance

% per year

Debt-to-income (DTI) ratio

What is House Affordability?

House affordability refers to the maximum amount you can spend on a home while maintaining financial stability. The 28/36 rule is a common guideline used by lenders: 28% of your gross monthly income should go toward housing costs, and no more than 36% should go toward total debt payments.

This calculator helps you estimate how much house you can afford based on your income, existing debt, and other financial factors. It includes all the costs associated with homeownership, from the down payment to monthly maintenance expenses.