How to Use This How Much House Can I Afford Calculator
Our free how much house can i afford gives you accurate estimates in seconds. Enter your numbers above and hit Calculate — results update instantly.
All calculations use current 2026 rates and formulas. Results are estimates to help you plan — always verify with a licensed professional for final numbers.
Frequently Asked Questions
How much house can I afford on my salary?
A common rule is to spend no more than 28% of your gross monthly income on housing costs. On a $60,000 annual salary, that is about $1,400/month for mortgage, taxes, and insurance.
What is the 28/36 rule?
The 28/36 rule says housing costs should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. Lenders use this to determine mortgage qualification.
How much down payment do I need?
Conventional loans typically require 3-20% down. FHA loans require 3.5%. VA and USDA loans offer 0% down for eligible buyers.
What credit score do I need to buy a house?
Most conventional loans require a 620+ credit score. FHA loans accept scores as low as 580 with 3.5% down. VA loans have no minimum but lenders typically want 620+.
What other costs should I consider?
Beyond the mortgage, budget for property taxes, homeowners insurance, HOA fees, maintenance costs around 1% of home value per year, and closing costs of 2-5%.