How Much House Can I Afford?
Annual Gross Income ($)
Monthly Debt Payments ($)
Interest Rate (%)
Loan Term (years)
Down Payment (%)
Home affordability calculators estimate the maximum home price based on income, debts, down payment, and rate using the 28/36 debt-to-income rule lenders apply.
- 128% rule: housing ≤ 28% of gross monthly income
- 236% rule: all debts ≤ 36% of gross monthly income
- 3Use the lower of the two limits
- 4Credit score affects available interest rate significantly
$90k income, $500/mo debts, 6.5% rate, 10% down=Max home price ≈ $310k
| Annual income | Max housing/mo | Max total debt/mo |
|---|---|---|
| $60k | $1,400 | $1,800 |
| $90k | $2,100 | $2,700 |
| $120k | $2,800 | $3,600 |
References
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