🏠
House Affordability Calculator
Calculate how much house you can afford based on income and debts
Your Financial Information
$
$
Credit cards, car loans, etc.
$
20% avoids PMI
%
years
%
Annual percentage
$
$
Max Home Price
$339,000
🏠
Monthly Payment
$2,319
💰
Debt-to-Income
33.8%
📊
Max Loan Amount
$279,000
🏦
You can afford this home!
Maximum Home Price
$339,000
Required Monthly Payment
$2,319
Debt-to-Income Ratio
33.8%
Monthly Payment Breakdown
Payment Components
Understanding House Affordability
Key Rules
- 28% Rule: Housing payment should not exceed 28% of gross income
- 36% Rule: Total debt should not exceed 36% of gross income
- 20% Down: Avoid PMI with 20% down payment
- Include all costs: PITI + HOA + PMI
Tips for Buyers
- Get pre-approved before house hunting
- Budget for closing costs (2-5% of home price)
- Keep emergency fund (6 months expenses)
- Factor in maintenance costs (1% of home value annually)