The 28/36 rule

Housing costs should not exceed 28% of gross monthly income (front-end), and total debts not exceed 36% (back-end). The smaller of these two limits sets your affordable payment.

Frequently Asked Questions

Is the Home Affordability Calculator free to use?

Yes, the Home Affordability Calculator is 100% free to use. There are no subscriptions, no sign-ups, and no hidden fees.

Is my data safe when using the Home Affordability Calculator?

Absolutely. All calculations performed by the Home Affordability Calculator happen locally in your web browser. We do not store, track, or transmit your inputs or results to any server.

How accurate is the Home Affordability Calculator?

Our Home Affordability Calculator uses industry-standard formulas and methodology. You can view the exact formula and calculation logic used in the methodology section above to verify the math yourself.

Can I use the Home Affordability Calculator on my mobile phone?

Yes! The Home Affordability Calculator is fully responsive and works seamlessly on all devices including smartphones, tablets, and desktop computers.