Home Affordability Calculator
Find the home price you can afford using the 28/36 debt-to-income rule lenders use.
Estimated max home price
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The 28/36 rule
Most lenders size a mortgage using two limits at once: your total housing cost (principal, interest, property tax, insurance, and HOA) shouldn't exceed roughly 28% of your gross monthly income, and your total debt payments — housing plus car loans, student loans, and credit cards — shouldn't exceed roughly 36%. This calculator applies both limits and uses whichever one is more restrictive for you, then works backward from your monthly budget to the home price it supports, accounting for the fact that a pricier home also means a bigger property tax bill.
This is a planning estimate, not a pre-approval
Actual lenders factor in your credit score, employment history, cash reserves, and specific loan program rules, and some will approve you for more or less than these general ratios suggest. Use this to get a realistic starting range before you start touring homes, then get pre-approved by an actual lender to know your real number.