Estimate a realistic home price range based on your income, existing debts, and down payment, using the standard 28/36 rule lenders often apply.
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Estimated Home Price You Can Afford
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Maximum Loan Amount—
Estimated Monthly Payment—
Debt-to-Income Ratio Used—
Formula
Maximum housing payment = 28% of gross monthly income, capped so total debt (including housing) stays under 36% of gross monthly income.
Example
An income of $90,000/year allows a housing payment up to about $2,100/month under the 28% rule. Subtracting $400 in other debts, the loan is sized to a payment that keeps total debt near 36% of income.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
What is the 28/36 rule?
A common lending guideline: housing costs should not exceed 28 percent of gross monthly income, and total debt payments, including housing, should not exceed 36 percent.
Will lenders always use these exact numbers?
No, some loan programs allow higher debt-to-income ratios. This calculator gives a conservative, widely used benchmark, not a loan approval guarantee.