Home Affordability Calculator
Find out how much house you can comfortably afford based on your income, monthly debts, down payment, and target debt-to-income ratio.
You can afford a home up to
$413,721
- Estimated loan amount
- $353,721
- Max monthly housing budget
- $2,740
- Principal & interest
- $2,236
- Property tax
- $379
- Home insurance
- $125
Estimates only. Actual approval depends on your lender, credit profile, and full financial picture.
How much house can you really afford?
Just because a lender approves you for a large loan does not mean you should borrow the maximum. A sustainable budget leaves room for savings, emergencies, and the everyday costs of owning a home. This calculator starts from your income and existing debts, applies a target debt-to-income ratio, and works backward to a realistic purchase price.
The 28/36 rule
A widely used guideline suggests spending no more than 28% of your gross monthly income on housing, and no more than 36% on total debt. Staying within these limits keeps your finances flexible and your mortgage comfortable even if your circumstances change.
Frequently asked questions
How much house can I afford?+
A common guideline is to keep total monthly debt (including housing) under 36% of gross income, and housing costs alone under 28%. This calculator uses your income, existing debts, down payment, and target debt-to-income ratio to estimate a comfortable home price.
What is a debt-to-income ratio?+
Your debt-to-income (DTI) ratio is your total monthly debt payments divided by your gross monthly income. Lenders commonly look for a back-end DTI of 36% to 43%, though some programs allow higher.
Does my down payment affect how much I can afford?+
Yes. A larger down payment increases the price you can afford because it reduces the loan you need — and it can help you avoid private mortgage insurance once you reach 20% down.