Determine how much home you can afford based on income, debts, and down payment.
| Term | Payment | Interest | Total |
|---|
A home affordability calculator helps you estimate the maximum home price you can afford based on your gross income, monthly debts, down payment, and current interest rates.
Most lenders use the 28/36 rule: your monthly housing costs (PITI) should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. Use this as a starting point for your budget.