Code · HTML
HOME PRICE YOU CAN AFFORD $0 Max monthly payment (28%)$0 Max loan amount$0 + down payment$0How Much House Can You Afford?
This uses the “28/36 rule” — a widely referenced affordability guideline in mortgage lending.
The 28/36 Rule
Housing costs shouldn’t exceed 28% of gross monthly income; total debt shouldn’t exceed 36%.
Not a Pre-Approval
Actual lending depends on credit score, employment, and lender guidelines — use this as a starting range.
Frequently Asked Questions
Does this include tax and insurance?
The 28% figure covers total housing payment including these, though simplified here.
Why did debt reduce affordability?
Lenders look at total monthly debt obligations, not just housing costs.
Can I qualify for more?
Possibly, depending on credit profile; this is a conservative benchmark.