How much house can I afford?
Answer
General rule: 3-4x your annual income (e.g., $75K salary = $225K-$300K home)
The 28/36 rule: spend no more than 28% of gross income on housing, 36% on total debt$75,000 salary: can afford $225,000-$300,000 home with good credit and low debt$100,000 salary: can afford $300,000-$400,000 home$150,000 salary: can afford $450,000-$600,000 homeYour actual affordability depends on credit score, debt, down payment, and interest rateLenders typically approve up to 43% debt-to-income ratio for qualified borrowers
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How We Calculated This
Affordable Home Price = Annual Income x 3 to 4 (conservative estimate)
$75,000 salary x 3 = $225,000 (conservative) to $75,000 x 4 = $300,000 (stretch)
Related Calculations
What is the monthly payment on a $100,000 mortgage at 5% for 15 years?$791/monthWhat is the monthly payment on a $100,000 mortgage at 5.25% for 15 years?$804/monthWhat is the monthly payment on a $100,000 mortgage at 5.5% for 15 years?$817/monthWhat is the monthly payment on a $100,000 mortgage at 5.75% for 15 years?$830/monthWhat is the monthly payment on a $100,000 mortgage at 6% for 15 years?$844/month
Calculated using verified formulas. Last updated March 2026.