Financial Tool
House Affordability Calculator
Estimate the purchase price of a home based on debt-to-income (DTI) rules.
Income & Assets
Debts & Rates
Maximum Home Purchase Price
$343,161
Max Monthly (P&I)
$2,150
Estimated Loan
$323,161
Σ The Formula
PI = (Income × 0.36) - Debts
Real World Examples
Standard White-Collar
$85k income with $400/mo debt can afford ~$345k home at 7% with $20k down.
Aggressive DTI
Lenders sometimes allow up to 43% or 50% DTI, significantly increasing the purchase limit.
# About This Calculator
The House Affordability Calculator uses the standard banking '28/36 Rule'.
This rule suggests that your total housing payment shouldn't exceed 28% of your gross income, and your total debt payments (including housing) shouldn't exceed 36%.
How To Use
- Enter your **Annual Gross Income** (before taxes).
- Enter your existing **Monthly Debts** (car loans, student loans, credit cards).
- Enter your **Down Payment** available in cash.
- Adjust the **Interest Rate** and the **DTI Limit** (default 36% is conservative).
- The result is the maximum home price assuming a 30-year fixed mortgage.
Frequently Asked Questions
Is House Affordability Calculator free to use?+
Yes, House Affordability Calculator on Matheric is completely free to use. We believe in accessible education and utility for everyone.
How accurate is House Affordability Calculator?+
We use standard mathematical formulas and high-precision computing algorithms to ensure results for House Affordability Calculator are accurate for academic and professional use.
Can I use House Affordability Calculator on my phone?+
Yes! House Affordability Calculator is fully responsive and optimized for all devices, including smartphones, tablets, and desktops.
Do you save my data?+
No. We prioritize your privacy. All calculations are performed in your browser or temporarily processed, and we do not store your personal input data.
How do I report a bug?+
If you notice any issues with House Affordability Calculator or have suggestions for improvement, please contact us via the link in the footer. We value your feedback!
Can I request a new feature?+
Absolutely. We are constantly expanding our toolset. Feel free to reach out with your requests, and we might build it next!
About
The House Affordability Calculator uses the standard banking '28/36 Rule'.
This rule suggests that your total housing payment shouldn't exceed 28% of your gross income, and your total debt payments (including housing) shouldn't exceed 36%.