Home Affordability Calculator

Use this free home affordability calculator to estimate the home price you can afford from income, debts and down payment.

How the home affordability calculator works

Maximum payment is the lower of 28% of gross monthly income and 36% minus your debts. Tax and insurance are subtracted, and the rest buys a loan.

Frequently asked questions

What are the 28/36 rules?

Lenders often want housing at or under 28% of income and total debt at or under 36%. Limits vary.

Results are estimates for general information only. They are not a substitute for professional advice where applicable. Found a mistake? Report an error.