House Affordability Calculator
Determine your maximum home purchase budget applying the standard 28/36 financial debt ratio rule on household gross income, monthly debt obligations, and down payment savings.
Input Parameters
Instant Calculation Result
Adjust values on the left to calculate live results.
In-Depth Guide & Mathematical Methodology
🔑 The 28/36 Rule of Home Affordability
Lenders use the 28/36 rule to determine your borrowing capacity. Front-end ratio (28%) specifies maximum monthly housing costs; back-end ratio (36%) specifies total monthly debt limits including housing.
Frequently Asked Questions (FAQ)
What is the House Affordability Calculator and how does it work?
Determine your maximum home purchase budget applying the standard 28/36 financial debt ratio rule on household gross income, monthly debt obligations, and down payment savings.
How do I use this House Affordability Calculator?
Enter your annual gross household income. Add your monthly recurring debt payments (auto loans, credit cards, student debt). Enter your available savings for down payment. View your recommended maximum home purchase price and maximum monthly housing payment.
What mathematical formula is used in this calculation?
28/36 Debt Rule: Housing expenses should not exceed 28% of gross monthly income, and total debt should not exceed 36%.
Is the House Affordability Calculator on FindCalculator free to use?
Yes, all 330+ interactive tools on FindCalculator.online are 100% free, run directly in your browser without registration, and do not store your private calculation data.