Mortgage Affordability Calculator
Estimate the maximum home price you can afford using the 28% front-end rule.
Estimated max home price
$409,855.70
Max monthly payment: $2,100.00
Enter your income, monthly debts, rate, term, and down payment to estimate a maximum home price using the 28% front-end rule capped by a 36% debt limit.
How to use
- Enter your annual income and monthly debt payments.
- Set the interest rate, term, and your down payment.
- Read the estimated maximum home price and monthly payment.
Frequently asked questions
- What is the 28% front-end rule?
- It suggests your housing payment should stay at or below 28% of gross monthly income. This tool also caps it by a 36% total debt limit.
- Is this a lending guarantee?
- No, it is a rough guide. Actual approval depends on credit, lender rules, and other factors.