How much house can I afford on $100k?
Answer
Using the 28/36 rule, $100,000 gross income supports about $2,333/month in total housing (PITI), which translates to roughly a $300,000–$360,000 home — depending on rate, down payment, taxes, and insurance. Estimate only — not a lender approval.
Assumptions
- $100,000 gross annual income
- Housing ≤ 28% of gross income (28/36 rule)
- Total debts ≤ 36% of gross income
- 6.5% APR, 30-year fixed
- 20% down payment, ~$500/mo for taxes + insurance
- No PMI, no HOA
Calculation
$100,000 × 28% / 12 ≈ $2,333/mo max PITIMinus ~$500 taxes/insurance ≈ $1,833 for P&IAt 6.5%/30yr, $1,833 P&I ≈ $290k loan → $360k home with 20% downTry the full calculator
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Frequently asked
Is this what a lender will approve?
Not necessarily — lenders look at credit score, DTI, down payment, and other debts. This is an educational estimate.
What if I have student loans or a car payment?
Subtract those from your monthly housing budget. The 36% total-debt cap fills up fast with other obligations.
Estimates only. Figures are before taxes and deductions unless noted.