Home Affordability Calculator
Find out the maximum home price you can afford based on your annual income, monthly debts, and down payment. Uses front-end and back-end DTI limits to estimate your budget.
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Frequently Asked Questions
What is the 28/36 rule for home buying?
Your monthly housing cost (PITI) should not exceed 28% of gross income (front-end ratio), and total debt payments should not exceed 36% (back-end ratio). Lenders use this as a primary qualification benchmark.
How much house can I afford on $100,000/year?
Using the 28% front-end rule: ($100,000 / 12) × 0.28 = $2,333/month for PITI. At 7% on a 30-year loan, that supports roughly $350,000–$375,000 in home price with a 10–20% down payment.
What is PMI and when can I remove it?
Private Mortgage Insurance is required when your down payment is under 20%. It costs roughly 0.5–1.5% of the loan annually. You can request removal at 20% equity; it automatically cancels at 22% equity under federal law.