Mortgage CalculatorSmart Calculations

How Much House Can I Afford?

Enter your income, debts, and down payment to find your maximum home price using the 28/36 rule.

Quick Answer: With an annual income of $90,000, monthly debts of $800, and a $40,000 down payment, you can afford a home priced up to approximately $353,710 with a monthly payment of around $2,660. This keeps your debt-to-income ratio at 46.1%.

Your Finances

Car, student loans, credit cards, etc.

Loan Assumptions

Example default — not this week’s PMMS average.

Illustrative statewide average, not your county bill, as of 2026. Figures are mean effective rates on owner-occupied housing (ACS calendar year 2024), rounded. County millage and assessed value can differ a lot — edit the tax % after picking a state.

Source: Tax Foundation Facts & Figures 2026, Table 33 (ACS CY 2024)

Maximum Home Price

$353,710

Estimated monthly payment: $2,660

Max Loan Amount
$313,710
Monthly P&I
$1,983
Monthly Taxes
$354
Monthly Insurance
$88
Monthly PMI
$235
Front-End DTI
35.5%
Back-End DTI
46.1%

Your Budget Breakdown

Housing ($2,660)35.5%
Other Debts ($800)10.7%
Total DTI46.1%
28/36 Rule: Keep housing under 28% and total debt under 36% of gross income for the safest budget.

Home Affordability FAQs

On a $75,000 salary with no other debts and a 10% down payment, you can generally afford a home priced between $250,000 and $300,000 depending on interest rates and property taxes. Your monthly payment would be approximately $1,750 to $2,100. Use our calculator with your specific debts for a precise number.
The 28/36 rule states that your monthly housing costs should not exceed 28% of your gross monthly income, and your total monthly debt payments should not exceed 36%. This is a conservative guideline used by many lenders to ensure borrowers can comfortably afford their mortgage.
Only include bonuses if they are consistent and can be documented for at least 2 years. Lenders typically average variable income over 24 months. For a conservative personal estimate, use only your base salary.
A larger down payment increases your maximum home price in three ways: it reduces your loan amount, lowers your monthly payment, and eliminates PMI if you reach 20% down. Every $10,000 more in down payment adds roughly $50,000 to your buying power.