AFFORDABILITY CALCULATOR

How Much House Can You Afford?

Calculate your maximum home price based on income, debts, and down payment. See what lenders will likely approve you for.

DTI Based Lender Guidelines Full PITI

What Lenders Look At

Front-end DTI: Housing costs should be <28% of gross income
Back-end DTI: Total debts should be <43% of gross income
Down payment: Affects loan amount and PMI
Credit score: Impacts rate (not calculated here)

Annual Gross Income ($)

Monthly Debts ($)

Car, student loans, credit cards, etc.

Down Payment ($)

Interest Rate (%)

Property Tax Rate (%)

Monthly HOA ($)

Maximum DTI (%)

Lower DTI = more comfortable payments

Frequently Asked Questions

How much house can I afford?

Most financial experts recommend spending no more than 28% of gross monthly income on housing. With a 20% down payment and good credit, you can typically afford a home priced at 3-4 times your annual income.

What factors affect home affordability?

Home affordability depends on your income, down payment, credit score, debt-to-income ratio, interest rates, property taxes, insurance, and HOA fees. Our calculator accounts for all these factors.

How much down payment do I need?

Conventional loans typically require 3-20% down, FHA loans 3.5%, VA loans 0%, and USDA loans 0%. A larger down payment reduces monthly payments and eliminates PMI with 20%+ down.