House Affordability Calculator
Calculate how much house you can afford based on your income, debts, and mortgage rates.
How Much Can I Afford?
Buying a home is one of the largest financial decisions you'll ever make. Banks use specific debt-to-income (DTI) ratios to determine if you qualify for a mortgage. This tool uses a standard 36% back-end DTI limit to estimate your maximum purchasing power.
The 36% Rule
The 36% rule states that your total monthly debt payments (including your new mortgage, property taxes, car loans, and credit cards) should not exceed 36% of your gross monthly income. Some lenders allow higher ratios, but staying below 36% ensures comfortable affordability.
Disclaimer: This calculator is for educational and informational purposes only. It is not a substitute for professional financial advice. Results are estimates based on the information provided and may not reflect actual outcomes. Please consult with a qualified financial advisor, accountant, or tax professional before making any financial decisions. Past performance does not guarantee future results.