Mortgage Affordability Calculator
Determine how much house you can afford based on your income, debts, and current interest rates using the standard 28/36 rule.
Input Data
Car payments, student loans, credit card minimums.
Tax & Insurance Estimates
Defaults: 1.2% property tax, 0.5% insurance (US averages)
Results
Maximum Home Price
$273,930
Monthly Payment
$1,867
Loan Amount
$233,930
- Principal & Interest
- Property Tax
- Home Insurance
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The 28/36 Rule Explained
Lenders typically look for two ratios:
- Front-End Ratio (28%): Your housing costs (mortgage, tax, insurance) shouldn't exceed 28% of your gross monthly income.
- Back-End Ratio (36%): Your total debt payments (housing + credit cards + loans) shouldn't exceed 36% of your gross monthly income.
This calculator uses the lower of these two limits to give you a conservative, safe estimate of what you can afford.