Real Estate
Home Affordability Calculator
Find out how much home you can afford based on your income, debts, and down payment using lender guidelines.
Max Home Price
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How It Works
Uses the 28/36 rule: housing costs should not exceed 28% of gross monthly income (front-end), and total debt should not exceed 36% (back-end). Applies the more conservative result.
Example
With $90,000/year, $400/month debts, $50,000 down at 6.5%, you can afford approximately $310,000β$380,000.
Frequently Asked Questions
What is the 28/36 rule?
Lenders prefer mortgage payments below 28% of gross income, and total debt payments below 36%.
What credit score do I need to buy a home?
Conventional loans typically require 620+. FHA loans allow 580+ with 3.5% down.
What other costs should I budget for?
Closing costs (2β5%), property taxes, insurance, HOA fees, and maintenance (~1% of home value/year).