Free mortgage affordability calculator. Find out how much house you can afford based on your income, debt, down payment, and current interest rates in 2026.
Result
$10,000
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Our mortgage affordability calculator helps you determine a realistic home price range based on your financial situation. Lenders typically use the 28/36 rule: your monthly housing costs should not exceed 28% of your gross monthly income, and your total debt payments should stay under 36%.
The 28% front-end ratio means your monthly mortgage payment (principal, interest, taxes, insurance — PITI) should be no more than 28% of your pre-tax income. The 36% back-end ratio includes all your debt payments: mortgage, car loans, student loans, credit card minimums, and other recurring debts.
With 2026 interest rates stabilizing, many first-time homebuyers are finding creative paths to homeownership. Consider FHA loans (3.5% down minimum), VA loans (0% down for veterans), or conventional loans with private mortgage insurance (as low as 3% down). Our calculator helps you model each scenario so you can make an informed decision.
How is mortgage affordability calculated?
Lenders use your gross monthly income, monthly debt obligations, down payment amount, and current interest rates. The resulting maximum monthly payment translates into a maximum home price.
What is a good DTI ratio for a mortgage?
Most lenders prefer a DTI ratio of 36% or lower. Some government-backed loans accept up to 43-50% with compensating factors.
Can I afford a house if I have student loans?
Yes, many buyers qualify with student loans. Use our calculator to factor in your monthly student loan payment and see how it affects your buying power.
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Misestimating variables like interest rates or ignoring fees/commissions.