Home Affordability Calculator

Find out how much home you can afford using the 28/36 rule

Annual Income ($)Monthly Debt Payments ($)Down Payment ($)Credit Score RangeMortgage Rate (%)

Maximum Home Price

$281,294

Down payment: 14.2%

💸 Monthly Payment Breakdown

Principal & Interest$1,605

Property Tax (est. 1%)$234

Insurance (est. 0.5%)$117

Total Monthly$1,957

Front-end limit (28%): $1,867/mo

Back-end limit (36%): $2,100/mo

📊 Historical Context

In 1990, the median home was $149,800 and median income was $29,943 — a ratio of 5x. Today the median home is $420,000 with median income ~$58,000 — a ratio of 7.2x. Affordability has declined significantly.

Share Your Result

Surprised by this number? Share it with friends and family

FacebookFacebook Post on XPost on X WhatsAppWhatsApp

LinkedIn Reddit

For educational purposes only. Not financial advice. The 28/36 rule is a guideline; lenders use various criteria. Consult a mortgage professional.