Home Affordability Calculator

Find the maximum home price you can afford based on your annual income, existing monthly debts, down payment, and interest rate — using the standard 28% front-end and 36% back-end debt-to-income ratios used by most lenders.

Annual Gross Income ($)

Monthly Debts (car, student loans, etc.) ($)

Down Payment ($)

Mortgage Rate (%)

Loan Term (years)

Annual Property Tax (%)

The 28% rule: your monthly mortgage, taxes, and insurance should not exceed 28% of gross monthly income. The 36% rule: total monthly debt payments should not exceed 36%. Being approved for a loan doesn't mean you can comfortably afford it.