How much house can you afford?

This home affordability calculator provides a simple answer to the question, “How much house can I afford?” But like any estimate, it’s based on some rounded numbers and rules of thumb.

For example, it’s generally assumed that your monthly mortgage payment (principal, interest, taxes and insurance) should be no more than 28% of your gross monthly income. This ensures you have enough money for other expenses. Also, your total monthly debt obligations (debt-to-income ratio) should be 45% or lower. Keep in mind that closing costs, including any additional taxes and fees, can add up. Contact a mortgage loan officer to learn more about these important pieces of the homebuying journey.

Get answers to some basic home affordability questions.

See how much you might be able to borrow.

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Explore other calculators for specific mortgage loan types.

Fixed-rate mortgage calculator Federal Housing Administration (FHA) loan calculator Veteran Affairs (VA) loan calculator Jumbo loan calculator

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Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

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Disclosures

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. Bank is not responsible for the content, results, or the accuracy of information.

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.

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