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Mortgage Affordability Calculator
Find the home price you can actually afford based on your income.
Enter values to see your result
Frequently asked questions
What is the 28/36 rule?
28% of gross income for housing (front-end), 36% for all debts including housing (back-end). Classic guidance that keeps budgets comfortable.
Does lender max DTI differ?
Yes — Fannie Mae and Freddie Mac allow up to 50% with strong credit. FHA up to 57% with compensating factors. But what you qualify for is not necessarily what you can afford.
Should I put 20% down?
If you can without draining your emergency fund, yes — it avoids PMI (~$100–300/month savings) and shrinks your loan. If not, FHA or conventional 97 with PMI is still viable.
What is not included in this calculator?
HOA dues, utilities, and maintenance costs (~1% of home value per year). Budget for these separately.