Tools
Home affordability
How Much House Can I Afford?
How Much House Can I Afford?
Annual gross income: The amount of money you earn in one fiscal year before any taxes or deductions.
$
Monthly debt: Credit card minimums, car loans, student loans, or other payment obligations.
$
Down payment: Portion of the home price not financed.
$
Interest rate: Annual cost to borrow money, expressed as a percentage. Average 30-year fixed rate is around 6.5% as of 2025.
%
Loan term: Number of years to repay the loan. Longer terms reduce monthly payments but increase total interest.
RECOMMENDED BUDGET
Your recommended budget keeps housing expenses at or below 28% of your monthly gross income for financial comfort. If net income is used, then it’s calculated using 34%.
MAX PURCHASE BUDGET
Your max purchase budget reflects what lenders might approve (36% Debt-to-Income), but it may stretch your finances. If net income is used, then it’s calculated using 43%.