Home Affordability: How Much House Can I Afford?
Use debt-to-income guardrails, down payment options, and realistic monthly costs to set a budget you can live with long term.
Understanding Home Affordability
Determining how much house you can afford involves analyzing your income, debts, down payment, and monthly expenses. Our calculator uses industry-standard debt-to-income (DTI) ratios to help you find a sustainable housing budget.
Key Factors
- Gross Monthly Income - Your total income before taxes
- Monthly Debts - Car payments, student loans, credit cards, etc.
- Down Payment - Typically 3%, 5%, 10%, or 20% of home price
- Interest Rate - Current mortgage rates affect monthly payments
- Property Taxes & Insurance - Vary by location and home value