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Real Estate
Home Affordability Calculator
See how much house you can afford from your income, debts, down payment and rate.
Home price you can afford
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Using the 28/36 rule.
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Show our math
Enter your figures above to see the step-by-step working.
An estimate — not a loan offerEverything computed client-side — nothing leaves this page
How the Home Affordability Calculator Works
Lenders judge affordability with the 28/36 rule: your monthly housing payment should stay under 28% of gross monthly income (the front-end ratio), and your housing plus all other debt payments under 36% (the back-end ratio). This calculator takes the lower of those two limits as your maximum payment, sets aside part of it for property tax and insurance, and works out the loan — and therefore the home price — that payment supports at your rate and term.
It’s a guideline, not a guarantee: your actual approval depends on credit, the lender, and local taxes and insurance. Buying below your maximum leaves room for the other costs of owning a home.
max payment = min(28% of income, 36% of income − debts)
Frequently Asked Questions
How much house can I afford?
Roughly what fits the 28/36 rule: housing under 28% of gross income, and total debt under 36%. Enter your numbers for an estimate of the home price.
What is the 28/36 rule?
A lending guideline: spend no more than 28% of gross monthly income on housing and no more than 36% on all debt combined.
Does this include taxes and insurance?
It sets aside a portion of the payment for them. Exact amounts vary by location, so treat the result as a planning figure.
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