How to Use This How Much House Can I Afford Calculator
Our free how much house can i afford helps you estimate your costs quickly and accurately. Simply enter your details above and click Calculate to get instant results.
Why Use Our Calculator?
Get accurate estimates in seconds. Our calculator uses current 2026 rates and formulas to give you the most accurate estimate possible, helping you plan your finances with confidence.
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 0,000 annual salary, that is about ,867/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%.