The 28/36 rule explained
Most lenders cap your housing payment at 28% of gross monthly income, and your total debt (housing + car + cards + loans) at 36%. This calculator uses the lower of those two limits to estimate a safe maximum home price.
Boost what you can afford
- Pay down monthly debts — every $100 freed up raises your budget.
- A larger down payment increases the price you can reach.
- A lower rate meaningfully increases buying power.
Frequently asked questions
Is this what a bank will approve?
It's an estimate using common rules. Actual approval also weighs credit score, assets and property taxes.
Does it include taxes and insurance?
This is a simplified model focused on principal & interest capacity. Budget extra for taxes and insurance.
Methodology and assumptions
- Instant browser math: results update from the inputs on this page and are not sent to an account.
- Next-step design: the score and action prompt are meant to help you compare scenarios and take one small practical step.