Buying, financing and owning a home
How Much House Can I Afford? Calculator
Find out how much house you can afford from your income, debts, down payment and state. Uses the 28/36 rule to estimate a top price and monthly payment.
What You Can Afford
EstimateHow This Calculator Works
This calculator works backward from your income to the most expensive home you can afford. It uses the 28/36 rule: your housing payment (principal, interest, property tax, insurance, PMI and HOA) should stay under 28% of gross monthly income, and all your monthly debts together under 36%. You can switch to a more cautious 25/33 or a looser 31/43 guideline.
Property tax, insurance and PMI all rise with the price, so it solves for the price where your full payment hits your limit. Tax uses your state’s average rate, insurance is set at 0.42% of the price a year, and PMI at 0.65% of the loan when you put down less than 20%. A lender will also weigh your credit and savings, so its number may differ.
Related Calculators
All Mortgage & Home Buying Calculators →Mortgage Calculator
Estimate your monthly payment with property tax, home insurance, PMI and HOA dues, then see the amortization schedule year by year.
Refinance Calculator
Compare your current mortgage with a refinance to see your monthly savings, how many months until closing costs pay off, and the net interest saved.
Rent vs. Buy Calculator
Compare the net cost of buying a home with renting and investing the difference, and see the year buying starts to come out ahead.
Down Payment Calculator
Compare 3.5%, 5%, 10% and 20% down payments side by side: cash needed, monthly payment, PMI, and how many months it takes to save.
Closing Costs Calculator
Estimate your closing costs and total cash to close: lender fees, appraisal, title insurance, state transfer tax and prepaid items.
Cost of Living Calculator
Compare housing, groceries, transportation, utilities, healthcare and income tax in two U.S. cities to estimate the salary you would need after a move.