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How Much House Can I Afford

Estimate a purchase price from income, debts, rate, and down payment.

Estimated home price
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Loan amount
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Monthly PITI
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Max housing payment
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Uses 28/36 guidelines: housing up to 28% of gross monthly income, and total debt up to 36%.

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FAQ

How do lenders estimate how much house I can afford?
Many use debt-to-income guidelines. This calculator uses 28/36: housing up to 28% of gross monthly income, and housing plus other debts up to 36%.
What is the 28/36 rule?
Front-end DTI caps housing (PITI) at 28% of gross monthly income. Back-end DTI caps housing plus monthly debts at 36%. The tighter of the two sets the max payment.
Does a larger down payment let me buy a more expensive home?
Yes. A larger down payment reduces the loan needed for a given price, so the same qualifying payment can support a higher purchase price.

Related: Mortgage Calculator · Refinance Calculator · Paycheck Calculator