🏠 House Affordability Calculator

Determine how much house you can afford based on your income, debts, down payment, and loan terms.

Enter Your Financial Details

Annual Gross Income ($)

Monthly Debts ($)

Down Payment ($)

Mortgage Rate (% APR)

Loan Term

Property Tax/Month ($)

Insurance/Month ($)

How Affordability Is Calculated

Lenders typically use the 28/36 rule: your housing costs should be no more than 28% of gross monthly income, and total debt payments no more than 36%. This calculator uses the more conservative of these two limits.

What's Included

Housing costs include principal, interest, property tax, insurance, and HOA fees (if any). Monthly debts include car payments, student loans, credit card minimums, and other obligations.