Housing

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House Affordability Calculator

How much house can you afford? Calculate based on your income, debts, and down payment.

Quick Answer

Lenders use two ratios: front-end (housing <28% of income) and back-end (all debts <36%). This calculator shows what you qualify for AND a conservative estimate based on take-home pay.

Results update automatically as you type

Your Finances

Annual Income

Monthly Debts

Down Payment

Interest Rate

Loan Term

Property Tax Rate

You Can Afford

$355,000

Maximum home price

Loan Amount

$295,000

Monthly Payment

$2,323

Estimated

DTI Ratio

33.9%

of 43% max

Affordability Guidelines

Monthly Income$8,333

Max Housing (28% rule)$2,333

Max Total Debt (43% rule)$3,583

Your Est. Payment$2,323

Pro Tips

•Run multiple scenarios with different values to understand your options
•Bookmark or share your results to reference later
•Check the FAQ section below for answers to common questions

Common Mistakes

•Not accounting for inflation over long time periods
•Forgetting to include all relevant fees and costs
•Using estimates when actual numbers are available

What's Next?

Housing Guide

Learn more about housing strategies

Related Calculators

Explore more tools for your financial planning

Save Your Results

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Sources & Accuracy

Last updated: January 15, 2025

Reviewed by: CalcGrid Editorial Team

Data Sources:

CFPB Home Buying Guide(2025)
Fannie Mae Lending Standards(2025)

Learn more about how we calculate and our editorial standards.

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