How Much Home Can I Afford?
When buying a home, you're likely going to hear about the 28/36 rule, which suggests a borrower's housing costs should not exceed 28% of their gross monthly income and their total debt payments (including housing) should not exceed 36% of their gross monthly income. Use this calculator to help determine what ratio may be best for you.
Maximum Affordable Home Price
Buying a home is a big commitment that can carry some hidden costs, especially if you're a first-time buyer. Please reach out if you would like some additional information on the home buying process.
You can afford a house up to
$0
Max Monthly Housing Payment (28% Rule)
$0
Maximum Monthly Debts
$0
Affordable Monthly Mortgage Payment
$0
These figures represent an estimate based on the information you provided and do not include additional homeownership expenses such as property taxes, homeowners insurance, private mortgage insurance (PMI), HOA fees, or ongoing maintenance costs. For a comprehensive analysis that accounts for your complete financial picture, please consult with a financial professional.
