How Much House Can I Afford?
Calculate your maximum home price based on income
Calculator
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Based on the 28/36 rule: housing costs should not exceed 28% of gross income, and total debt should not exceed 36%.
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Frequently Asked Questions
What is the 28/36 rule?
The 28/36 rule is a guideline lenders use: your housing costs (mortgage, tax, insurance) should not exceed 28%% of gross monthly income, and total debt payments should not exceed 36%%. This calculator uses both limits and shows the more conservative result.
Does this include property taxes?
Yes. The calculator factors in property taxes and estimated insurance when determining the maximum home price you can afford. These are real costs that reduce how much you can spend on the home itself.
Should I buy the maximum I can afford?
Not necessarily. The 28/36 rule represents the upper limit of what lenders will approve. Many financial advisors recommend keeping housing costs at 25%% or less of take-home pay (not gross) for a more comfortable budget.
Home Affordability Calculator
Find out how much house you can afford based on your income, existing debts, down payment, and current interest rates. Uses the standard 28/36 lending rule.