Home planning

House Affordability Calculator

Estimate the maximum home price you can afford using standard debt-to-income ratio guidelines. Use this Real estate tool to enter your numbers, review the result, and understand the key assumptions before making the next decision.

What you get
A focused calculator, clear explanation, common questions, and useful next tools.
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Result
Explanation
Common questions
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How this calculator works
The result depends on the numbers you enter and the assumptions shown below.

Lenders use two DTI rules to assess affordability. The front-end ratio limits your housing payment to 28% of gross monthly income. The back-end ratio limits all debt payments (housing + existing debts) to 36% of gross monthly income. Your maximum affordable home price is determined by whichever limit is more restrictive, added to your down payment.

Review the inputs carefully and treat the output as an estimate. For decisions involving money, taxes, health, law, or security, compare the result with trusted professional guidance when needed.

Frequently asked questions

What is the 28/36 rule?

The 28/36 rule states that your housing costs should not exceed 28% of your gross monthly income, and all debts combined should not exceed 36%. These are guidelines — some lenders allow higher ratios with compensating factors.

Does this include property taxes and insurance?

This calculator estimates principal and interest only. Property taxes, insurance, and HOA fees will reduce your effective affordability, so budget for those separately.