Home Affordability Calculator
Find out how much house you can afford in 2026. Our mortgage affordability calculator uses your income, debts, and down payment to calculate your maximum home price and monthly payment using the 28/36 DTI rule.
Income & Debts
$8,333/month gross
Car loans, student loans, credit cards, etc.
$60,000 saved
Loan & Property Details
US average ~1.1% annually
$125/month
Maximum Home Price
Based on 36% DTI guideline
Loan Amount
$309,223
Est. Monthly Payment
$2706
Debt-to-Income Ratios
Your DTI is within lender limits but on the higher end. Reducing monthly debts would improve your options.
Affordability Scenarios
Max home price at different DTI limits
Estimated Monthly Costs
Loan Summary
Down Payment %
16.3%
Loan-to-Value
83.7%
Total Interest
$423,933
PMI Required
Yes
A home affordability calculator determines how much house you can afford based on your income, debts, down payment, and current interest rates. It uses standard lending guidelines to estimate a realistic price range that fits your budget.
Formula:
Max Home Price = (Monthly Income × 0.28) / Monthly Payment FactorLenders typically require housing costs to be no more than 28% of gross monthly income (front-end ratio).
- 1
Enter your annual household income
- 2
Input your monthly debt payments (car, student loans, etc.)
- 3
Enter your planned down payment
- 4
Set the current mortgage interest rate
- 5
Add estimates for property taxes and insurance
- 6
View your maximum affordable home price
- Prevents overextending financially on housing
- Gives realistic expectations before house hunting
- Helps you prepare the right down payment
- Accounts for all housing costs, not just mortgage
- Different from what you qualify for vs what you should spend
- Starting your home search
- Determining savings goal for down payment
- Deciding between renting and buying
- Evaluating impact of interest rate changes
- Planning for home upgrades
- Comparing different markets
- •Get pre-approved before serious house hunting
- •Consider total cost of ownership, not just purchase price
- •A smaller home in a better location often appreciates more
- •Don't forget closing costs (2-5% of purchase price)
Have questions about using this calculator? Check out our financial guides or contact us for help.
By submitting your email, you agree to our Privacy Policy, including that we store your email and results and may share them with advertising partners.