How much house can
I afford?
Instant results based on your income, debts & down payment.
Home Affordability Calculator🇺🇸 USD
$80,000/yr · $500/mo debts · $20,000 down
Max payment: $1,867/mo
Max Home Price
$286,966
Based on your income & debts
Max Loan Amount
$266,966
Home price minus $20,000 down payment
Est. Monthly Payment
$1,867
Principal + Interest only
Debt-to-Income Ratio (DTI)
35.5%Good — within the ideal 36% total DTI range. Most lenders will approve your application.
How the affordability calculator works
28% Rule
Your monthly mortgage payment should not exceed 28% of your gross monthly income. This is the standard front-end DTI limit most lenders use.
36% Rule
Your total monthly debt payments (mortgage + all other debts) should not exceed 36% of gross monthly income for the best loan terms.
Debt-to-Income (DTI)
DTI is your total monthly debts divided by gross monthly income. Most lenders require DTI under 43%, with 36% being ideal.
Down Payment
A larger down payment reduces your loan amount and monthly payment. 20% down avoids PMI (private mortgage insurance).
Frequently asked questions
How much house can I afford on a $80,000 salary?
On an $80,000 annual salary ($6,667/month), using the 28% rule, your max monthly mortgage payment is about $1,867. At a 7.5% rate over 30 years, that supports a loan of approximately $267,000. With a 20% down payment, you could afford a home around $334,000.
How much house can I afford on a $100,000 salary?
On a $100,000 salary ($8,333/month), your max monthly payment is around $2,333. At 7.5% over 30 years, that supports a loan of about $334,000. With a 20% down payment, you could afford a home around $417,000.
What is debt-to-income ratio (DTI)?
DTI is your total monthly debt payments divided by your gross monthly income. For example, if you earn $6,000/month and pay $500 in car and student loan payments, your current DTI is 8.3%. Add a $1,500 mortgage and your total DTI becomes 33.3% — well within the 43% limit most lenders require.
Can I buy a house with high debt?
It is possible but harder. Most lenders require a total DTI under 43%. If your debts are high, focus on paying them down before applying for a mortgage, or increase your income to improve your DTI ratio.