Home Affordability Calculator 2026 — How Much House Can You Afford?

🏠 Home Affordability Calculator

Income

Annual Gross Income ($)

Co-Borrower Income ($)

Optional — spouse/partner

Down Payment & Loan

Down Payment ($)

Interest Rate (%)

2026 avg 30yr: 6.8–7.0%

Monthly Debts

Car Payment ($)

Student Loans ($)

Credit Card Min. ($)

Other Monthly Debts ($)

Annual Costs

Property Tax / Year ($)

Home Insurance / Year ($)

📋 Affordability Summary

Max home price—

Max monthly P+I+T+I—

Front-end DTI—

Back-end DTI—

Loan amount—

📊 2026 Rate Guide

30yr fixed avg6.8–7.0%

15yr fixed avg6.1–6.3%

FHA min down3.5%

Conventional min3%

PMI avoided at20% down

💡 DTI Rules

✅ Front-end <28% = comfortable

✅ Back-end <36% = conventional

⚠️ Back-end up to 43% = FHA OK

❌ Above 43% = hard to qualify

🔗 Related

🏡 Mortgage Calculator ⚖️ 15 vs 30yr Mortgage 💳 Debt Payoff

Home Affordability by Income — 2026 Guide

Annual Income	Max Monthly Housing	Max Home Price (6.8%, 10% down)
$60,000	$1,400/mo	~$180,000
$80,000	$1,867/mo	~$245,000
$100,000	$2,333/mo	~$310,000
$150,000	$3,500/mo	~$470,000
$200,000	$4,667/mo	~$630,000

Estimates assume 28% front-end DTI, 30-year fixed at 6.8%, 10% down, $400/mo property tax+insurance. Actual results vary.

Frequently Asked Questions

How much house can I afford on a $100,000 salary?+

Using the 28% rule, on a $100,000 salary you can spend up to $2,333/month on housing. At 2026 rates of 6.8% with 10% down, this translates to approximately $310,000 in home price — less if you have significant existing debts.

What is the 28/36 rule for home affordability?+

The 28/36 rule says monthly housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). Lenders use this as a guideline for mortgage approval.

How much down payment do I need?+

Conventional loans require as little as 3% down. FHA loans require 3.5%. However, putting down at least 20% avoids PMI (private mortgage insurance), which adds $100–$300/month on a typical loan.

What is a good debt-to-income ratio for a mortgage?+

Most lenders prefer a front-end DTI under 28% and back-end DTI under 36–43%. FHA loans may allow up to 50% DTI in some cases, but higher DTI generally means higher rates or stricter terms.

How Much Home Can You Afford?

Home Affordability by Income — 2026 Guide

Frequently Asked Questions

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