How Much Home Can I Afford Official

Includes: Your new mortgage plus car loans, student loans, and credit card minimums.

This traditional guideline helps ensure you don't become "house poor" by overextending your monthly budget. how much home can i afford

Includes: Principal, interest, property taxes, homeowners insurance, and HOA fees (PITI). Includes: Your new mortgage plus car loans, student

To determine how much home you can afford, most financial experts suggest following the as a baseline. This guide breaks down how to calculate your budget based on current 2026 lending standards and housing costs. 1. Apply the 28/36 Rule how much home can i afford

Spend no more than 36% of your gross monthly income on all debt payments combined .

Spend no more than 28% of your gross monthly income (pre-tax) on total housing costs.