Getting pre-approved for a loan amount doesn’t necessarily mean that’s what you should spend. This mortgage affordability calculator uses your income, debts, and down payment to show a realistic monthly payment and home price range that fits comfortably within your actual budget, not just what a lender is willing to approve.
Find a home price and monthly payment that fit comfortable within your budget, based on the standard 28/36 rule.
Monthly Budget Breakdown
Mortgage & Debt Breakdown
| Financial Metric | Calculated Amount ($) | Guideline / Note |
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Lenders typically use guidelines like the 28/36 rule to determine affordability, but your personal spending habits and savings goals matter too. For the full breakdown of how this works, read our guide on mortgage affordability, and check your debt-to-income ratio beforehand since it’s one of the biggest factors in what you’ll qualify for. If you’re still weighing renting against buying, our rent vs buy calculator can help you decide first.
Enter your income, debts, and down payment above to see how much house actually fits your budget.