Why your number should beat the lender's number
Lenders today routinely approve debt-to-income ratios well above the classic 36%. That benefits the lender, not you. Anchoring to a disciplined affordability figure — and shopping below it — is how buyers avoid becoming "house poor." For the full breakdown, read how much house you can actually afford in 2026.
Frequently asked questions
How much house can I afford on my income?
A common guideline is the 28/36 rule: keep total housing costs (PITI) at or below 28% of gross monthly income, and all debt payments at or below 36%. This calculator works backward from your income and existing debts to estimate a comfortable price range at today's rates.
What is the 28/36 rule?
It's a lending guideline: spend no more than 28% of gross monthly income on housing (the 'front-end' ratio) and no more than 36% on total debt including the mortgage (the 'back-end' ratio). Many lenders now allow higher ratios, but the 28/36 rule reflects what's comfortable, not just what's approvable.
Does a lender's pre-approval tell me what I can afford?
No. A pre-approval is the maximum a lender is willing to risk lending you — a ceiling, not a target. It doesn't account for your savings goals, lifestyle, or risk tolerance. Run your own affordability number first, then shop below it.