How much house can you afford?
Affordability isn't just the price tag — it's whether the monthly payment fits your income alongside your other debts. Lenders judge this with the 28/36 rule: your housing payment should stay under 28% of gross monthly income, and all your debt payments (housing + car + loans + cards) under 36%. This calculator finds the home price that keeps both within those limits, then works backwards through your down payment and mortgage rate.
What's included in the payment
The monthly housing cost here covers loan principal & interest plus property tax and insurance (often called PITI). It doesn't include utilities, maintenance or HOA fees, so leave yourself a buffer.
Comfortable vs stretch
The main figure uses the conservative 28/36 rule. The stretch budget uses a 43% back-end DTI — the upper limit many lenders allow. Just because you can borrow more doesn't mean you should; a smaller payment leaves room for saving, emergencies and life.
Does a bigger down payment help?
Yes — it directly adds to the price you can afford (price = loan + down payment) and can lower your rate and remove mortgage insurance. Try raising it and watch the number climb.
Why do my debts lower the number so much?
Existing debt eats into the 36% cap, leaving less room for housing. Paying off a car loan or card can noticeably raise how much home you can afford.
Is this what a bank will actually lend?
It's a solid estimate using standard ratios. Lenders also weigh your credit score, employment and the specific loan program, so get a pre-approval for the real figure.