About Home Affordability Calculator
Determine how much house you can afford based on your income, debt, down payment, and other financial factors. This calculator uses standard lending guidelines to estimate your maximum home price.
Home Affordability Tips
- 28% Rule: Housing costs should not exceed 28% of gross income
- 36% Rule: Total debt payments should not exceed 36% of gross income
- Down Payment: 20% down payment avoids PMI insurance
- Emergency Fund: Save 3-6 months of expenses
- Closing Costs: Typically 2-5% of home price
- Maintenance: Budget 1-3% of home value annually