How much house can I afford?
See what you can afford and find homes within your budget. ®
Add a location to see homes that fit your budget
How we calculate how much house you can afford
Our home affordability calculator estimates how much home you can afford by considering where you live, what your annual income is, how much you have saved for a down payment, and what your monthly debts or spending looks like.
Use advanced filters for a more precise picture, including homeowner’s insurance, mortgage interest rate, loan type, and property tax rate.
How to calculate annual income for your household
Start by calculating annual income before taxes. Include salary, wages, tips, commissions, etc. Include your spouse or partner’s income if applicable. Divide annual income by 12 to find monthly income.
Follow the 28/36 debt-to-income rule:
Don’t spend more than 28% of your income on housing expenses, and no more than 36% on all debts. This helps ensure you have funds left for essentials and savings.
- $1,400 on house related expenses ($5,000 x .28)
- $1,800 on total debt ($5,000 x .36)
