How Much Can I Afford?
Calculate your maximum home purchase price based on your income, debts, and down payment.
Affordability Calculator
Payment Breakdown
Based on what you input into today your Total Payment would be $0.00 on a Conventional Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 0.00% and the maximum allowable on this program type is 50%/50%.
Frequently Asked Questions
How much house can I afford based on my salary?
A common guideline is that your total monthly housing payment plus other debts shouldn't exceed 43% of your gross monthly income. Enter your annual income, existing monthly debts, and down payment above to see your estimated maximum home price using that guideline.
What counts as a monthly debt in an affordability calculation?
Recurring obligations that show up on your credit report — car payments, minimum credit card payments, student loans, and other installment or revolving debt. Utilities, groceries, and other living expenses are not included in the debt-to-income calculation, though you should still budget for them separately.
Does a bigger down payment increase how much house I can afford?
Yes, directly. Since your maximum loan amount is based on what monthly payment you can support, a larger down payment reduces the loan amount needed for the same purchase price — which can also help you avoid PMI on a conventional loan if you reach 20% down.
Is the 43% debt-to-income guideline a hard rule?
43% is a common qualifying threshold, but actual limits vary by loan program and lender — some programs allow higher DTI ratios with compensating factors like strong credit or reserves. This calculator gives you a starting estimate; a full pre-approval will confirm your actual number.
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