Home Affordability Calculator
Find out how much house you can afford based on your financial situation
Home Affordability Calculator
Based on the 28/36 rule
$
$
%
yrs
You Can Afford
$267,376
Max Housing (28%)$2,240
Max Total Debt (36%)$2,880
Current Debt$500
Estimate based on standard lending guidelines. Actual approval depends on credit score, employment history, and other factors.
Understanding the 28/36 Rule
The 28/36 rule is a common guideline used by lenders to determine how much home you can afford:
28% Front-End Ratio
Housing costs should not exceed 28% of your gross monthly income
36% Back-End Ratio
Total debt payments should not exceed 36% of your gross monthly income
Example
If you earn $8,000/month with $500 in existing debt:
Max housing: $8,000 × 28% = $2,240
Max total debt: $8,000 × 36% = $2,880 − $500 = $2,380
Your limit: min($2,240, $2,380) = $2,240/mo