How This Calculator Works
Enter your annual gross income and monthly debt payments.
Specify your available down payment amount.
Set the expected interest rate and loan term.
The calculator uses the 28/36 rule to determine your maximum home price.
Home Affordability Calculator
Why Use This Calculator
Set a realistic home buying budget
Understand how debt affects affordability
See the impact of different down payments
Prepare for mortgage pre-approval
The 28/36 rule is a lending guideline where housing costs are capped at 28% of gross income, and total debt at 36%. Lenders use these ratios to assess mortgage repayment ability.
Important Notice
These calculators are for educational and informational purposes only. Results are estimates based on the information you provide and should not be considered financial, tax, or investment advice. Your actual results may vary. For personalized guidance, please consult a qualified financial advisor, tax professional, or other appropriate expert.