House Affordability by Income
These pages estimate a home price from gross annual income using a typical 28% front-end housing ratio and 36% total-debt ratio, zero monthly debt, 20% down, a 30-year fixed loan, the current rate assumption, a 1% property-tax assumption, $1,800 annual homeowners insurance and no HOA dues.
They are planning scenarios—not lender preapprovals. Change the debt, down payment, taxes, insurance and HOA inputs on any page. Your comfortable budget may be lower than a lender's maximum.
How the estimate works
The calculator first limits the monthly housing budget to the lower of 28% of gross monthly income or 36% of gross monthly income minus recurring monthly debt. It then solves for the home price whose principal, interest, property tax, homeowners insurance, PMI and HOA estimate fits that budget.
See the affordability methodology and scenario tests. For a result based on your actual finances, open the custom affordability calculator.
