Find out how much house you can afford using the 28/36 rule, with property tax, home insurance, PMI and HOA fees included.
Most lenders look at two debt-to-income (DTI) ratios:
The calculator finds the highest home price that keeps you within both limits.
At 28% of income, your housing payment can be about $2,333 a month. With 6.5% rates and typical tax and insurance, that is a home around $300,000–$350,000 depending on your down payment and debts.
Some loan programs allow back-end ratios of 43% or even 50%, but a higher ratio leaves less room in your budget.