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Mortgages
How much house can I afford? The honest math
Before you fall in love with a listing, run the numbers.
The 28/36 rule
- 28% — housing cost under 28% of gross monthly income.
- 36% — all debts under 36%.
💡 A home priced 3–4× your annual income is usually affordable.
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Down payment
- 20% avoids PMI.
- 10% works but expect PMI.
Watch total interest
On a 30-year loan, interest can exceed half the price again. A 15-year term saves a fortune.
⚠ Remember: these are educational estimates, not professional advice. See our disclaimer.