Home Affordability Calculator
Find out how much house you can afford based on your income and debts.
Your Finances
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$
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$
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7%
Maximum Home Price
$321,535.17
Based on 28/36 qualifying rule · $60,000 down payment
Max Loan
$261,535.17
Max Monthly
$1,740
Down Payment
$60,000
LTV Ratio
81.3%
28/36 Qualifying Rule
Front-End Ratio (28% rule)
Max: $2,240/mo
Housing costs should not exceed 28% of gross income
Back-End Ratio (36% rule)
Max: $2,880/mo
All debt payments should not exceed 36% of gross income
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LTV above 80% means PMI may be required. Consider a larger down payment to avoid this extra cost.
This is an estimate based on the 28/36 debt-to-income rule. Lenders may use different criteria. Credit score, assets, and loan type also affect how much you can borrow. Consult a mortgage professional.