How much house can I afford with $100k salary?

With a $100,000 salary, you can typically afford a home between $300,000-$450,000 depending on your debts, down payment, and interest rate. The 28% rule suggests a maximum monthly housing cost of $2,333.

What is the 28/36 rule for mortgages?

The 28/36 rule says housing costs should be ≤28% of gross monthly income, and total debt payments should be ≤36%.

How much do I need for a down payment?

Conventional loans require 3-20% down. FHA loans require 3.5%. VA and USDA loans may require 0% down. 20% down avoids PMI.

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Home Affordability Calculator

Find out how much house you can afford based on your income, debts, and down payment. Uses the 28/36 rule and Dave Ramsey guidelines.

Your Financial Details

Annual Gross Income ($)

Monthly Debt Payments ($)

Car loans, student loans, credit cards, etc.

Down Payment ($)

Interest Rate (%)

Loan Term

Max Debt-to-Income Ratio (%)

Most lenders use 36% (conservative) to 43% (FHA max)

You Can Afford

$445,527

Monthly Payment

$2,500

Loan Amount

$395,527

Total Interest

$504,473

LTV Ratio

88.8%

28/36 Rule Gauge

30.0%

of income

Caution - Above 28% Rule

<28% Safe

28-36% Caution

>36% Risky

28% Max

$2,333

36% Max

$3,000

Your Payment

$2,500

See what home price different salaries can afford with your current settings

$60,000/year$255,674

$80,000/year$350,601

$100,000/year$445,527

$150,000/year$682,843

$200,000/year$920,160

How Much House Can I Afford? The Rules Explained

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The 28% Rule

Your total monthly housing cost (PITI) should not exceed 28% of your gross monthly income. For a $100k salary, that's about $2,333/month max.

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The 36% Rule

Your total debt payments (housing + car + student loans + credit cards) should stay below 36% of gross monthly income.

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Dave Ramsey Rule

Keep housing costs below 25% of take-home pay (after tax). This is the most conservative approach and builds wealth faster.