Home Affordability Calculator
Explore home prices that are affordable for you based on your income, debts, and savings. See what a lender could prequalify you for.
You can afford a home up to
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Get Prequalified NowHow It Works
This calculator uses the 28/36 rule, a common guideline used by lenders to determine how much you can afford. Here's how it works:
- The 28% Rule (Front-End Ratio): Your total monthly housing payment (PITI) should not exceed 28% of your gross (pre-tax) monthly income.
- The 36% Rule (Back-End Ratio): Your total monthly debt payments—including your new mortgage, car loans, credit cards, and student loans—should not exceed 36% of your gross monthly income.
Lenders will typically approve you for the lower of these two amounts to ensure you are not over-extended financially. Our calculator finds the maximum mortgage payment that fits within these ratios and then works backward to estimate the home price you can afford, factoring in your saved cash for a down payment.