Free online mortgage affordability calculator - estimate how much house you can afford based on your income and expenses. Factors in down payment, interest rate, and monthly payment capacity.
Mortgage Assessment28/36 RuleHome BudgetPrivacy SafeFinancial Parameters
Assessment Results
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Max Loan Amount
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Max Home Price
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Est. Monthly Payment
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Debt-to-Income
Banks typically use the 28/36 rule: mortgage payment ≤ 28% of monthly income, total debt ≤ 36%
Banks typically use the 28/36 rule to assess loan amounts: mortgage payment should not exceed 28% of monthly income, and total debt (including mortgage) should not exceed 36%. This calculator is based on these standards to help you understand your home buying budget ceiling.