Home Affordability Calculator
How much house you can afford (28/36 rule)
Wondering how much house you can afford? Enter your income, monthly debts and down payment to estimate a comfortable maximum home price using the 28/36 rule.
The 28/36 rule
Lenders commonly cap your housing payment at 28% of gross monthly income, and your total debt (housing plus car, student and credit-card payments) at 36%. This calculator finds the highest home price whose full payment — principal, interest, property tax and insurance — fits inside those limits.
Estimate only — lenders also weigh credit, loan type and other factors. Get pre-approved for an exact figure.
Home Affordability Calculator: frequently asked questions
How much house can I afford on my salary?
A common guideline is a home price around 3–5× your gross annual income, with the monthly payment under 28% of gross monthly income. This calculator pins down a specific figure.
What is the 28/36 rule?
Keep housing costs at or below 28% of gross monthly income and total debt payments at or below 36%. It's a widely used mortgage-affordability benchmark.