House Affordability Calculator
Find the home price you can afford on your income.
About the House Affordability Calculator
Before you shop for a home, find out what you can actually afford. This calculator applies the standard 28/36 rule — no more than 28% of gross income on housing and 36% on total debt — to your annual income, monthly debts, down payment, mortgage rate, and term, then works backward to the maximum home price and loan amount. It's a realistic starting budget that keeps your payment comfortable and improves your odds of loan approval.
How to use the House Affordability Calculator
- 1Enter your annual income, monthly debts, down payment, mortgage rate, and term.
- 2Read the result instantly — it recalculates as you type.
- 3Adjust the numbers to model different scenarios.
Frequently asked questions
How much house can I afford?
A common guideline is that your total housing payment stays under 28% of gross monthly income and all debt under 36%. This tool converts that into a home price for you.
What's the 28/36 rule?
Lenders prefer housing costs ≤28% of gross income (front-end ratio) and total debt payments ≤36% (back-end ratio). We use the stricter of the two.
Does a bigger down payment help?
Yes — it raises the price you can afford, can remove PMI, and lowers your monthly payment. Try different down payments to see the effect.