US Mortgage Affordability Calculator
Find out how much home you can afford based on your salary, down payment, and current interest rates.
Your Income Details
Calculate how much you can borrow for 2025
What You Could Afford
Based on $75,000 combined income
Home Affordability by Salary
How much home you could afford at different income levels
| Annual Salary | Max Mortgage |
|---|---|
| $50,000 | $175,000 |
| $75,000 | $262,500 |
| $100,000 | $350,000 |
| $125,000 | $437,500 |
| $150,000 | $525,000 |
| $200,000 | $700,000 |
* Monthly payment based on 6.5% interest rate over 30 years. Actual rates and affordability vary.
How Lenders Calculate Affordability
US mortgage lenders use debt-to-income (DTI) ratios. The 28/36 rule means housing costs (mortgage, taxes, insurance) should be under 28% of gross income, and total debt under 36%. Some lenders allow up to 43% DTI for qualified mortgages, or even higher for FHA loans.
Down Payment Options
Conventional loans: 3-20% down (PMI required under 20%). FHA loans: 3.5% down with 580+ credit score. VA loans: 0% down for veterans. USDA loans: 0% down in rural areas. A larger down payment means lower monthly payments and better rates.
Additional Costs to Consider
Beyond the mortgage payment, budget for property taxes (varies by state), homeowners insurance, PMI (if under 20% down), HOA fees if applicable, and maintenance costs (typically 1-2% of home value annually).