All Tools VerseHome Affordability Calculator
See how much house you can afford from income, debts and down payment using the 28/36 rule. Runs in your browser, no sign-up.
- Runs in your browser
- Nothing uploaded
- Free, no sign-up
Estimate the home price you can comfortably afford from your income, monthly debts and down payment, using the lender 28/36 rule. All the maths runs in your browser.
Loading chart...
| Monthly payment | Amount |
|---|
The 28/36 rule caps housing at 28% of gross monthly income and total debt at 36%. Lenders also weigh credit, PMI and other costs, so use this as a guide, not a mortgage offer.
How to Use Home Affordability Calculator
- Enter your income and debts. Type your annual household income and your existing monthly debt payments like cars and loans.
- Add your down payment and rate. Enter how much you can put down, the interest rate and the loan term you expect.
- Include taxes and insurance. Set your property tax rate and yearly home insurance so the estimate reflects the full monthly cost.
- Read your budget. See the maximum home price, loan amount and monthly payment you can comfortably carry.
Frequently Asked Questions
What is the 28/36 rule?
Lenders often cap housing costs at 28% of your gross monthly income and total debt payments at 36%. This tool uses the lower of the two limits as your housing budget.
Does it include taxes and insurance?
Yes. The monthly payment covers principal, interest, property tax and home insurance, since lenders count all of these toward the limit.
Is this a mortgage pre-approval?
No. It is an estimate to guide your search. A lender also weighs your credit score, employment, PMI and other factors before approving a loan.
How does the down payment help?
A larger down payment reduces the loan you need, so a bigger share of your budget can go to a higher home price.
Is my financial data private?
Yes. All the maths runs in your browser and nothing you enter leaves your device.
Should I borrow the maximum?
Not necessarily. The 28/36 limits are an upper bound; many people choose a lower payment to leave room for savings and unexpected costs.
Related Tools
Car Affordability Calculator →
See how much car you can afford from your monthly payment, down payment, APR…
Auto Loan Calculator - Car Payment →
Free auto loan calculator with trade-in, sales tax and fees. See your monthly car…
Break-Even Calculator →
Calculate your break-even point in units and revenue from fixed costs, price and variable…
Budget Calculator →
Split your income into needs, wants and savings with the 50/30/20 rule, or your…
CD Calculator →
Calculate the maturity value and interest of a certificate of deposit from your deposit,…
Compound Interest Calculator - Growth →
Free compound interest calculator with monthly contributions. See your future value, total interest, a…
Debt Payoff Calculator - Credit Card →
Free debt payoff calculator. See how long to clear a credit card or loan…
Inflation Calculator - Future Cost and Value →
Free inflation calculator. See the future cost of money or the buying power of…
Investment Calculator - Future Value Solver →
Free investment calculator. Solve for future value, starting amount, monthly contribution, return rate or…
Loan Calculator - Payment and Interest →
Free loan calculator. Enter the amount, rate and term to see your monthly payment,…
Mortgage Calculator - Payment and Amortization →
Free mortgage calculator with taxes, insurance, PMI, HOA and extra payments. See your monthly…
Net Worth Calculator →
Calculate your net worth by adding your assets and subtracting your debts, with a…