How Much Can I Afford?

Zillow’s Home Affordability Calculator will help you determine how much house you can afford by analyzing your income, debt, and the current mortgage rates.

For example, let’s say your maximum monthly payment is $1,250, you have $25,000 for a down payment, and taxes and insurance will cost about $200 a month. That means you could afford a $172,000 house on a 15-year fixed-rate mortgage at 3.5% interest.

Methodology. In general, that means your total debt payments should be no more than 36% of your gross income. Once you enter your monthly debt (including credit cards, student loan and car payments), we come up with a maximum monthly home payment you could handle while staying under that threshold.

The above car affordability calculator uses a conservative but solid assumption about how much car you can afford. Whether you’re paying cash or financing, the purchase price of your car should be no more than 35 percent of your annual income.

How much mortgage can I afford? Use our simple mortgage affordability calculator to find out. Get closer to your new home.

Uncover how much house you can really afford with our handy mortgage calculator Use our home affordability calculator to figure out how much you may be able to afford for a new home.

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Evaluate whether you can afford a vehicle by estimating your monthly payment and comparing it to your budget with Cars.com’s car affordability calculator.

How much rent can I afford? Apartment communities look for an annual income that is 40 times your monthly rent. So if you have a $35,000-a-year job, the maximum rent you can afford is $875 per month. Others look for 30% of your monthly income, but in reality, these two methods are just two different mathematical ways to get to the same place.

So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much.

To determine how much house you can afford, use this home affordability calculator to get an estimate of the property price you can afford based upon your income and debt profile. generally, lenders cap the maximum monthly housing allowance (including taxes and insurance) to lesser of Front End Ratio (28% usually) and Back End Ratio (36% usually).