Find out how much house you can afford. Use this tool to estimate your home buying power based on your income and monthly debt obligations.
Home Buying Power Estimator
Buying a Home in Your Area
Understanding home affordability is the first step toward successful homeownership in your state. Lenders evaluate your financial health primarily through your Debt-to-Income (DTI) ratio, which compares your monthly debt payments to your gross monthly income.
How much house can I afford in Your Area?
Financial experts typically recommend the 28/36 rule: your mortgage should cost no more than 28% of your gross income, and your total debt should stay below 36%. Our "Affordable" range is calculated using these standard conservative benchmarks.
What is a "Stretch" budget?
A "Stretch" budget assumes a DTI of up to 43%. While many loan programs in your state allow for this ratio, it leaves less room for unexpected expenses or home maintenance costs.
Does a larger down payment help?
Yes. A larger down payment increases your buying power dollar-for-dollar and may help you secure a lower interest rate, further increasing what you can afford.
