How Much House Can I Afford?
The standard rule: keep your total housing payment (principal, interest, taxes, insurance) at or below 28% of your gross monthly income. Some lenders allow up to 36%.
Quick Affordability Estimates
| Annual Income | Max Monthly Payment (28%) | Approx Home Price |
|---|---|---|
| $50,000/yr | $1,167 | $175,000 |
| $75,000/yr | $1,750 | $262,500 |
| $100,000/yr | $2,333 | $350,000 |
| $125,000/yr | $2,917 | $437,500 |
| $150,000/yr | $3,500 | $525,000 |
| $200,000/yr | $4,667 | $700,000 |
Home price estimate assumes 20% down and a 6.85% 30-year rate.