House Affordability Calculator
How much house can you actually afford? This calculator uses the 28/36 rule, your income, debts, and down payment to tell you the maximum home price you should consider.
House Affordability Calculator
Determine the maximum home price based on your income and debts
Uses the 28/36 rule: front end DTI ratio of 28% (housing costs only) and back end DTI ratio of 36% (total debts). Does not account for PMI (required if down payment is less than 20%), HOA fees, or other housing costs. Consult a mortgage professional for exact figures.
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Frequently Asked Questions
How much house can I afford on my salary?+
The 28/36 rule: your monthly mortgage payment (PITI) should be under 28% of gross monthly income, and total debt payments under 36%. On a $100k salary, that's roughly $2,333/month max housing payment → ~$350-400k home with 20% down at current rates.
What is the 28/36 rule for home buying?+
Front-end ratio (28%): housing costs shouldn't exceed 28% of gross monthly income. Back-end ratio (36%): total debt (housing + car + student loans + credit cards) shouldn't exceed 36%. Some lenders allow up to 43-50% for qualified borrowers.
Should I buy the maximum house I can afford?+
No. Buy 20-30% below your maximum to maintain financial flexibility. The max puts you house-poor with no room for emergencies, repairs, or lifestyle. A $350k home when you qualify for $500k leaves money for investing, travel, and peace of mind.
How much house can I afford on my salary?
The 28/36 rule: your monthly mortgage payment (PITI) should be under 28% of gross monthly income, and total debt payments under 36%. On a $100k salary, that's roughly $2,333/month max housing payment → ~$350-400k home with 20% down at current rates.
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