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Home/Calculators/Home affordability

Home affordability calculator.

See the home price that fits your income using the 28/36 rule — then save toward it automatically in Hunch.

Country
$120,000
$400/mo
$60,000
6.5%
Amortization
Advanced options
$/mo
Home you can afford
$566,275
with $60,000 down at 6.5% · 30-year term
Max monthly payment$3,200/mo
Loan amount$506,275
Down payment$60,000
Plan your home purchase in Hunch →
A guideline based on the 28/36 rule. Lenders also weigh credit, taxes and other factors.
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Good to know

How much house you can afford

This calculator uses the classic 28/36 rule: aim to spend no more than 28% of your gross monthly income on housing, and no more than 36% on total debt. From the payment that fits those limits, it works backward to a home price at a 30-year term.

What is the 28/36 rule?

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A lending guideline: housing costs should stay under 28% of gross monthly income, and all debt payments under 36%. Staying inside both keeps your budget comfortable and improves loan approval odds.

Does a bigger down payment let me afford more?

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Yes. Your down payment adds directly to the price you can buy, and it reduces the loan you need — so more of your monthly budget buys home rather than interest.

Should I always borrow the maximum?

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No. The maximum is a ceiling, not a target. Leaving room for savings, emergencies and life keeps you out of being “house poor.”

How does Hunch help me save for a home?

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Set a down-payment goal in Hunch and it tracks your progress automatically, showing when you’ll hit your target based on your real saving pace.