Home Affordability Calculator
Calculate how much house you can afford based on your income, debts, and down payment using the 28/36 rule.
Home Affordability
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You Can Afford
Maximum home price based on CONVENTIONAL loan guidelines
Before taxes and deductions
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Price Range Recommendations
Conservative
80% of maximum
Moderate
90% of maximum
Maximum
100% of maximum
Stretch
110.00000000000001% of maximum
Monthly Payment Breakdown
Income Allocation
Home Affordability Tips
- 28/36 Rule: Keep housing costs ≤28% and total debt ≤36% of income
- Emergency fund: Don't deplete all savings - keep 3-6 months expenses
- Hidden costs: Budget for maintenance, utilities, repairs (1-4% of home value/year)
- Get pre-approved: Know your actual buying power before house hunting
- Consider total costs: Look at PITI (Principal, Interest, Taxes, Insurance)
- Shop rates: 0.5% rate difference can save thousands over loan life
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