Calculate how much house you can afford based on your income, debts, and down payment. See your maximum home price and monthly payment breakdown.
Max Home Price
$364,517
Based on 28/36 rule
Monthly Payment
$2,333
PITI + PMI + HOA
Your household financials
Include car payments, student loans, credit cards, etc.
Down payment and interest details
Taxes, insurance, and HOA fees
US average: ~1.1%. Ranges from 0.3% (HI) to 2.5%+ (NJ, IL).
| Income | Max Price | Monthly Payment |
|---|---|---|
| $60,000/yr | $194,043 | $1,300/mo |
| $80,000/yr | $287,500 | $1,866/mo |
| $100,000/yr | $364,517 | $2,333/mo |
| $125,000/yr | $460,801 | $2,916/mo |
| $150,000/yr | $557,091 | $3,499/mo |
| $200,000/yr | $749,853 | $4,667/mo |
Standard lending guidelines
Max Home Price
$364,517
Based on 28/36 rule
Monthly Payment
$2,333
PITI + PMI + HOA
Home affordability depends on income, debts, down payment, and interest rates. Generally, housing costs should be under 28% of gross income, total debt under 36%. Our calculator shows the maximum home price you can afford.
See how your income affects the maximum home price you can afford
4 insights based on your inputs
3.6x income is on the higher end. Consider reducing debts or increasing your down payment to improve affordability.
With 20% down, you avoid PMI and get better loan terms—this saves you thousands over the life of the loan.
Your $500/month in existing debts reduces your home buying power by roughly $24,000. Paying down debt increases affordability.
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Generally, you can afford a home 2.5-3x your annual income. Lenders use debt-to-income ratios: front-end (housing costs) should be ≤28% of gross income, back-end (all debts) should be ≤36%. Your actual affordability depends on down payment, rates, taxes, and other debts.
The 28/36 rule is a lending guideline: housing costs (mortgage, taxes, insurance) should not exceed 28% of gross monthly income (front-end ratio), and total monthly debt payments should not exceed 36% of gross income (back-end ratio).
Minimum down payments: Conventional loans 3-5%, FHA loans 3.5%, VA/USDA loans 0%. However, 20% down avoids PMI, reduces monthly payments, and may get better rates. Median first-time buyer puts down 6%, repeat buyer 17%.
PITI: Principal, Interest, property Taxes, homeowner's Insurance. Also consider: PMI (if <20% down), HOA fees, maintenance (budget 1% of home value/year), and utilities. Total housing costs are typically 1.5-2x the base mortgage payment.
Every 1% rate increase reduces buying power by roughly 10%. At 6% rate, a $2,000 payment affords ~$333K. At 7%, the same payment affords ~$300K. Rate changes have a significant impact on how much house you can afford.
Max Home Price
$364,517
Based on 28/36 rule
Monthly Payment
$2,333
PITI + PMI + HOA