What is the 28/36 guideline?

It is a common lender benchmark. Housing costs run up to about 28 percent of gross monthly income, and total debt including housing up to about 36 percent. This calculator uses the lower of the two limits.

Why did my number change?

The estimate updates only when you change your income, monthly debts, down payment, rate, term, or the taxes, insurance, and HOA reserve. Nothing else moves it.

Is this a loan approval?

No. It is a planning estimate built from the numbers you enter. It is not an approval, a pre-qualification, or a quote from any lender.

How do I get an exact figure?

Use the Get pre-qualified button, or call or text Jon at (623) 826-0888. He will connect you with a local lender who can give you a real number in a single call.

Affordability calculator

How much house can you actually shop for?

Name: Jon Hegreness , Howe Realty
Address: 9059 W Lake Pleasant Pkwy, B-200, Peoria, AZ, 85382, US
Telephone: (623) 826-0888
Price range: $$$

Before you fall for a listing, it helps to know the range you can move in. Enter your income, monthly debts, down payment, and a rate, and this gives you a planning estimate using the 28/36 guideline most lenders start with. It is not a loan approval, and it makes no claim about the market. The math runs entirely on your device.

What can I afford?

A planning estimate from the numbers you enter, using the 28/36 guideline most lenders start with. It is not a loan approval. The math runs on your device and nothing is sent anywhere unless you ask me to.

Annual household income

Monthly debt payments

Down payment

Loan term

Interest rate %

Taxes + insurance + HOA (monthly)

You could look in the range of

$566,722

Limited by your income. Comfortable monthly housing budget around $3,500.

Search homes in this range

Why this number

Housing payment (28% cap)Limit

Total monthly debt (36% cap)$400 room left

Existing debts $600 Housing $3,500

Room for principal & interest: $2,950/mo

Estimated loan amount: $466,722

Plus your down payment: $100,000

Want a real number, not an estimate? Call or text Jon at (623) 826-0888. He will introduce you to a local lender who can pre-qualify you in a single call.

Have a price in mind already?

Run the payment behind any price with the mortgage payment calculator, or call Jon at (623) 826-0888 for a real read on your situation and a lender who can pre-qualify you.

Questions buyers ask

What is the 28/36 guideline?: It is a common lender benchmark. Housing costs run up to about 28 percent of gross monthly income, and total debt including housing up to about 36 percent. This calculator uses the lower of the two limits.
Why did my number change?: The estimate updates only when you change your income, monthly debts, down payment, rate, term, or the taxes, insurance, and HOA reserve. Nothing else moves it.
Is this a loan approval?: No. It is a planning estimate built from the numbers you enter. It is not an approval, a pre-qualification, or a quote from any lender.
How do I get an exact figure?: Use the Get pre-qualified button, or call or text Jon at (623) 826-0888. He will connect you with a local lender who can give you a real number in a single call.

Jon Hegreness · REALTOR / Associate Broker, Howe Realty · License BR540940000