Mortgage Affordability Calculator
Find out how much home you can afford based on your income, debts, and financial situation.
About Mortgage Affordability
This calculator uses standard lending guidelines to estimate how much house you can afford:
- 28% Rule (Front-End Ratio): Your monthly housing costs (mortgage payment, property taxes, insurance, and HOA fees) should not exceed 28% of your gross monthly income.
- 36% Rule (Back-End Ratio): Your total monthly debt payments, including housing costs and other debts, should not exceed 36% of your gross monthly income.
This calculator provides an estimate only. Actual loan approval depends on credit score, debt-to-income ratio, employment history, and other factors specific to your financial situation.