Home affordability
How much house can I afford making $100,000?
A $100,000 annual gross income is $8,333.33 a month. An illustrative 28% housing budget sets aside $2,333.33 a month for total housing costs.
The example at a glance
- Annual gross income
- $100,000.00
- Monthly gross income
- $8,333.33
- Housing budget at 28%
- $2,333.33
- Total debt budget at 36%
- $3,000.00
Make the example fit your life
With $500 in other monthly debt, the total-debt test leaves $2,500.00 for housing, so the smaller applicable budget controls. The calculator converts that budget to a home-price estimate after the rate, down payment, property taxes, insurance, mortgage insurance and HOA dues.
What else should fit in my budget?
Plan for maintenance, utilities, transportation, childcare, savings and closing costs. This calculator includes estimated principal, interest, property tax, homeowners insurance, PMI and HOA dues; it does not model every household expense.
Explore another example
These examples show the stated assumptions. Calculators and reports are educational estimates; rates and local costs can differ. Calculation assumptions.