SimpleAPR
Affordability calculator

How much house can you afford?

Lenders use the 28/36 rule: housing should stay near 28% of your gross income, and all debts under 36%. Here's the price range those limits point to.

$
$
$
%
yrs
% of price
You could afford a home around
$0
Maximum loan amount$0
Estimated monthly payment (all-in)$0
— principal & interest$0
— taxes & insurance$0
Budget cap used (28/36 rule)$0
A rule-of-thumb estimate, not a pre-approval. Lenders also weigh credit score, employment, reserves, and loan type, and some allow higher ratios. The 28/36 limits are adjustable above. Confirm what you actually qualify for with a licensed lender.
FAQ

Common questions

How much house can I afford?

Lenders often use the 28/36 rule: keep housing costs near 28% of your gross monthly income and total debts under 36%. This calculator turns those limits into a home-price range.

What is the 28/36 rule?

A common guideline: spend no more than about 28% of gross monthly income on housing, and no more than about 36% on all debt payments combined.

Does my down payment change what I can afford?

Yes. A larger down payment means a smaller loan and a lower monthly payment, so you can afford a higher home price within the same monthly budget.

Is this the same as a mortgage pre-approval?

No. It is an estimate. Lenders also weigh your credit score, employment, and cash reserves; only a lender can actually pre-approve you.