Home Affordability Calculator
Calculate how much house you can afford based on your income, debts, down payment, and local market conditions using the 28/36 rule.
National average rates from the Freddie Mac Primary Mortgage Market Survey. Your actual rate may vary based on credit score, lender, and location.
Your Financial Profile
Before taxes — include all income sources
Car, student loans, credit cards (minimums)
< 20% adds PMI (~0.85% annually)
30-yr fixed avg: ~6.65% (March 2026)
Advanced options (taxes, insurance, HOA)
National average ~1.1%; varies by state
Avg ~$150–200/month for a $400K home
Enter 0 if no HOA
Maximum Affordable Home Price
$262,984
Binding constraint: front-end (28%) rule · 10.0% down = $26,298 upfront
Monthly Payment Breakdown
Principal & Interest
$1,519
Property Tax
$263
estimated
Home Insurance
$150
estimated
PMI
$168
until 20% equity
Debt-to-Income Ratios
Housing costs / income · Limit: 28%
All debts / income · Limit: 36%
Affordability Range
| Scenario | Guideline | Max Price | Down Payment |
|---|---|---|---|
| Conservative | 25% front-end | $232,642 | $23,264 |
| Standard (28/36) | 28% front-end | $262,984 | $26,298 |
| Aggressive (FHA) | 31/43 DTI | $293,326 | $29,333 |
PMI Note — 10.0% Down
With less than 20% down, you'll pay approximately $168/month in PMI until you reach 20% equity (roughly 0.16666666666666666 years at current payment). Increasing your down payment to 20% ($52,597) eliminates PMI entirely.
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Live Market Data
Fed Rate
3.64%
10yr Treasury
4.31%
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