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Mortgage Affordability Calculator

See how much house you can afford using the 28/36 rule.

Gross annual income ($)Monthly debt payments ($)Down payment ($)Interest rate (%)Term (years)

Frequently asked questions

What is the 28/36 rule?

Housing costs should stay under 28% of gross income and total debt under 36%.

Estimate your full monthly mortgage cost with taxes and insurance.

Find the monthly principal and interest payment on a given loan amount.

Discover how extra payments shorten your mortgage and cut interest.

View a year-by-year amortization schedule of principal and interest.