Home Affordability Calculator
Find out how much house you can afford based on your income, debts, down payment, and current interest rates.
$
$
Car loans, student loans, credit cards, etc.
$
6.5%
2%10%
30 yrs
15 yrs30 yrs
1.2%
0%3%
$
Maximum Home Price
$356,876
Max Monthly Payment
$2,333
Down Payment
16.8%
$60,000 of $356,876
Monthly Payment Breakdown
Frequently Asked Questions
How much house can I afford?
Lenders typically allow a debt-to-income ratio of 28-36%. The 28% rule says your monthly housing costs shouldn't exceed 28% of your gross monthly income. This calculator factors in your full financial picture.
What is the debt-to-income ratio?
DTI is the percentage of your gross monthly income that goes to debt payments. Lenders use two DTI ratios: front-end (housing costs only, max 28%) and back-end (all debts, max 36-43%).
How much should I put down on a house?
While 20% down avoids private mortgage insurance (PMI), many buyers put down 5-15%. In the UAE, expats typically need 20-25% down, while UAE nationals may put down as little as 15%.
Track your home buying savings goal with Wealthi
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