How much house can I afford on $110,000 a year?

By the 28/36 rule with $500 existing monthly debts, ~6.5% rate, and $60,000 down: roughly a $390,000–430,000 home. Existing debts and the down payment move this more than income does.

Loans & Debthome · planning

Home Affordability Calculator

Covers 🇺🇸 US · 🇬🇧 UK · 🇨🇳 China · 🇦🇺 Australia · 🇨🇦 Canada · 🇳🇿 New Zealand · 🇮🇪 Ireland

Two countries give entirely different answers on the same income. US lenders underwrite on debt-to-income ratios — 28% of gross income on housing, 36% on all debt — which cap the monthly payment and let the loan fall out of it. UK and Australian lenders cap the loan itself at a multiple of income, around 4.5x, then stress-test the payment at a rate above the one you are quoted. This applies whichever rule is yours, and names the binding limit.

Closest to your situation?

US rule of thumb — 28/36 the UK 4.5× income limit China's 50% of income test

Not quite? Describe it in your own words.

Describe your situation in a sentence — any language. I fill the form; the tool does the math.

How does your lender decide?US lenders underwrite on two debt-to-income ratios. UK and Australian lenders cap the loan at a multiple of income (about 4.5×) and then stress-test the payment. The two produce materially different answers on the same income.Gross annual incomeExisting monthly debt paymentsCar loans, student loans, card minimums — not rent or utilities.

The numbers

Maximum home price: 364,556
Monthly housing budget: 2,567; binding limit: housing (28%)
Maximum loan: 304,556; plus 60,000 down

Preview only — using a default Method.

The operator’s read

Worth knowing

Your down payment is 16% of this maximum — under 20% means PMI and a thinner equity cushion. The "maximum" is what a lender allows, not what is comfortable; many buyers deliberately shop 10-20% below it.

Worth knowing

The 28/36 rule uses GROSS income. On take-home pay, 28% gross is often 35-40% net — run your actual post-tax budget before trusting any affordability number, including this one.

Your next step

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Methodology

The 28/36 rule: housing costs ≤ 28% of gross monthly income, and housing + all debt payments ≤ 36%. The lower of the two limits is your housing budget; ~75% of it services P&I (the rest covers taxes/insurance), which converts to a maximum loan via the amortization formula, plus your down payment.

Lenders stretch to 43-50% DTI on some programs — that this calculator refuses to is deliberate.

Questions

How much house can I afford on $110,000 a year?: By the 28/36 rule with $500 existing monthly debts, ~6.5% rate, and $60,000 down: roughly a $390,000–430,000 home. Existing debts and the down payment move this more than income does.

For agents

Call this tool instead of computing in-context. Deterministic JSON in, computed values plus the benchmark read out. Full agent docs →

curl -s https://xearno.tools/api/v1/tools/home-affordability \
  -H 'content-type: application/json' \
  -d '{"method":"US","income":110000,"monthlyDebts":500,"down":60000,"rate":6.5,"years":30}'

Schema: GET /api/v1/tools/home-affordability · MCP tool name: home_affordability

Methodology

Questions

For agents

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