Home Affordability Calculator

Find out how much house you can afford based on income, debts, and down payment. Uses standard DTI ratios.

Annual Gross Income

Combined household income before taxes

Monthly Debt Payments

Car loans, student loans, credit card minimums

Down Payment

Cash available for the down payment

Interest Rate (%)

Loan Term

Max DTI Ratio (%)

Lenders typically require 36% or less

Maximum Home Price You Can Afford

$314,564.65

Monthly Payment

$2,150.00

Loan Amount

$274,564.65

Housing Ratio

30.4%

Total DTI

36.0%

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Know Your Budget Before You Shop

The worst way to house hunt is without a budget. Our calculator uses the same debt-to-income (DTI) methodology that lenders use, so you know your maximum price before you fall in love with a home you can't afford.

The 28/36 Rule

Lenders traditionally follow the 28/36 rule: spend no more than 28% of gross income on housing costs and no more than 36% on total debt. Our calculator applies your chosen DTI limit to give you a realistic maximum price.

Frequently Asked Questions

How much house can I afford on my salary?

A common guideline is 3-4.5× your annual gross income, but the real limit depends on your debts, down payment, interest rate, and chosen DTI ratio. Our calculator uses the same method lenders use.

What DTI ratio do lenders require?

Most conventional lenders prefer a total DTI of 36% or less. FHA loans allow up to 43%. Some lenders may go higher with strong compensating factors like high reserves or excellent credit.

How much down payment do I need?

Conventional loans require 5-20% down. FHA loans require 3.5%. VA loans offer 0% down for eligible veterans. Putting 20% down avoids private mortgage insurance (PMI).