How much house can I afford?
The most house your income supports under the debt-to-income limits lenders use, at today's 7.32% average rate.
How lenders decide what you can afford
Lenders look at two debt-to-income ratios: your housing payment (principal, interest, taxes, insurance, HOA) as a share of gross income, and all monthly debts as a share of gross income. The lower of the two limits sets your budget. This calculator solves for the home price that exactly fits that budget, given your down payment.
See the most affordable housing markets for where that budget goes furthest.
More calculators
Mortgage calculator
Monthly payment with taxes, insurance, HOA and PMI.
Rent vs buy
Which builds more wealth, and the break-even year.
Rental property
Cash flow, cap rate and cash-on-cash return.
BRRRR
Buy, rehab, rent, refinance: cash left in the deal.
DSCR loan
Debt service coverage ratio for investor loans.
Refinance break-even
Monthly savings and months to recoup costs.
Fix and flip
Profit, ROI and the 70% rule max offer.
Cap rate
Cap rate, NOI and value at a target cap rate.