How Much House Can I Afford?

Determine your home buying power with our Mortgage Affordability Calculator. We use industry-standard banking ratios to estimate a realistic home price that fits your income and debt levels.

The 28/36 Rule Explained

Most lenders use the 28/36 qualifying ratio to decide how much money they will lend you.

Front-End Ratio (28%): Your monthly housing costs (Mortgage + Tax + Insurance) should not exceed 28% of your gross monthly income.
Back-End Ratio (36%): Your total monthly debt (Housing + Credit Cards + Student Loans + Car Payments) should not exceed 36% of your gross monthly income.

Tips to Increase Affordability

Pay Down Debt: Reducing credit card or car loan balances lowers your Back-End ratio, potentially qualifying you for a larger mortgage.
Increase Down Payment: A larger down payment reduces the loan amount you need, directly increasing your price range.
Improve Credit Score: A better score qualifies you for lower interest rates, which lowers your monthly payment.