Calculate the maximum home price you can afford based on your income, debts, and the 28/36 qualifying ratios that most conventional lenders use — before you start browsing listings.
How it works
- Enter your total annual gross income.
- Input any ongoing monthly debt payments.
- Provide current mortgage rates and down payment plans to reveal your maximum buying power.
Frequently asked questions
What is the 28/36 rule?
Lenders prefer that your housing payment not exceed 28% of gross income, and that all debt payments not exceed 36%. It is a guideline, not a hard cap.
Does this include PMI?
PMI (private mortgage insurance) applies when down payment is below 20% and adds roughly 0.5–1% of the loan annually. This calculator does not include PMI — subtract ~$100–300/mo from the result if your down is under 20%.
What credit score do I need?
Most conventional lenders want 620+; the best rates need 740+. This calculator focuses on income ratios, not credit score minimums.