Home Affordability Calculator
Find out how much house you can afford based on income, debts, and down payment savings.
Calculation Inputs
Calculation Results
📊
Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Max Payment = (Gross Income / 12) × 28%; Max Price = Derived from PMT formula
Uses the 28% front-end DTI rule: housing costs should not exceed 28% of gross monthly income.
Frequently Asked Questions
What is the 28% rule?
Lenders typically require that housing costs (mortgage, taxes, insurance) stay below 28% of gross monthly income.