Determine how much home you can afford based on your income and existing debt. Lenders typically use 28% and 43% ratios.
Enter Your Measurements
Results
Max Home Price
-46,971
$
Max Monthly Payment
-250.00
$
Formula
How to Use This Calculator
How to Use
- 1
Enter your gross monthly income.
- 2
Enter any existing debt payments (car loans, credit cards, student loans).
- 3
Enter expected interest rate.
- 4
See how much home you can afford.
Frequently Asked Questions
Frequently Asked Questions
What are the 28/43 rules?
Can I get approved for more?
In-Depth Guides
What Is a Good Debt-to-Income Ratio? (DTI Guide)
Learn how debt-to-income ratio is calculated, what lenders consider good vs bad, the 43% rule for mortgages, and how to lower your DTI fast.
Home Buying Costs Guide: Every Cost to Budget Before You Close
A complete breakdown of home buying costs beyond the purchase price — closing costs, inspection fees, moving costs, and first-year ownership expenses to budget for.
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About This Calculator
This calculator uses the formula: Max Price = (Max Monthly Payment / Monthly Rate) / (1 - Down Payment %). All calculations follow industry-standard methods. Results are estimates — always verify with a licensed professional for structural or code-compliant work.
Built and maintained by the CalcSmart team. Last updated March 2026.
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