How Much House Can I Afford?
Before you start house hunting, figure out what you can realistically afford. This calculator uses industry-standard debt-to-income ratios to show you a conservative, standard, and stretch budget -- so you can shop with confidence instead of guessing.
How Much House Can I Afford?
Enter your financial details to see what price range works for your budget.
Debt-to-Income Spectrum
Your existing debts already use 5.6% of your gross income, leaving 30.4% for housing under the 36% rule.
Conservative
28% DTI
$283.1K
~$1,641.31/mo P&I
Standard
36% DTI
$304.7K
~$1,781.80/mo P&I
Stretch
43% DTI
$369.2K
~$2,199.77/mo P&I
Stretching to 43% DTI leaves very little room for savings, emergencies, or lifestyle spending. Most financial advisors recommend staying at or below the 28% front-end ratio.
Understanding Debt-to-Income (DTI) Ratios
The 28% Rule (Front-End Ratio)
Most financial advisors recommend spending no more than 28% of your gross monthly income on housing costs -- including your mortgage payment, property taxes, and insurance.
The 36% Rule (Back-End Ratio)
Your total debt payments -- housing plus car loans, student loans, and credit cards -- should stay below 36% of your gross monthly income for a comfortable financial position.
43% FHA Maximum
43% is the maximum DTI most FHA lenders will approve. Being this stretched leaves little room for emergencies, retirement savings, or unexpected expenses like home repairs.
Next step
Calculate Your Down Payment Options