Find out how much house you can realistically afford based on your income, debts, and down payment. No sign-up required.
Enter your annual household income, monthly debt payments, expected down payment percentage, and current interest rate. The calculator uses two standard rules to determine how much home you can comfortably afford.
Lenders use two primary guidelines to evaluate affordability. The 28% rule says your monthly housing costs should not exceed 28% of your gross monthly income. The 36% DTI (debt-to-income) rule says your total monthly debts including housing should not exceed 36% of gross monthly income.
This calculator uses whichever rule gives you the lower payment to keep you on the conservative and safe side.