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How Much House Can I Afford?

Your affordable price is capped by two debt-to-income limits: housing costs near 28% of gross income, and total debt near 43%. Enter your income, monthly debts, and down payment to see your price range and estimated monthly payment — computed in your browser.

Cards, auto, student loans — not rent

You can afford a home up to
$394,000
~$2,792.66/moCapped by housing ratio
Max loan amount
$334,000
Monthly payment
$2,792.66
Housing ratio
27.9%
Target ≤ 28%
Total-debt ratio
32.9%
Target ≤ 43%
Principal & interest
$2,188.57
PMI
$128.00

Frequently asked questions

How much house can I afford?

Lenders generally want your monthly housing payment under 28% of gross income and your total debt payments under 43%. The lower of those two limits caps your purchase price. Enter your income, debts, and down payment above to see your specific number.

What is the 28/36 rule?

It's a guideline: spend no more than 28% of gross monthly income on housing (front-end ratio) and no more than 36% on total debt (back-end ratio). Many lenders allow up to 43% back-end for qualified mortgages, which this calculator uses by default.

Does my down payment affect how much I can afford?

Yes. A larger down payment reduces your loan size and can eliminate PMI, lowering your monthly payment — which lets you qualify for a higher purchase price at the same income.

What counts as monthly debt?

Credit card minimums, auto loans, student loans, and other recurring obligations. Rent is excluded because it's replaced by your mortgage payment. Utilities and groceries don't count toward DTI.

Last updated: June 1, 2026Reviewed by: Abodemic Editorial StandardsHow we calculate this →

Sources: Consumer Financial Protection Bureau — debt-to-income ratio; Qualified Mortgage (QM) 43% DTI standard, CFPB.

Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.