Housing percentage of income calculator

Buying a house . .

What percentage of income should go to rent and utilities

What percentage of income should go to rent and utilities

How much of your income should go to mortgage

How much do you need to make to afford $1,500 rent

How much should i spend on housing calculator

Percentage of income spent on housing over time

. it’s a huge life milestone and comes with a lot of emotions. (Excitement? Check.

30 rent rule gross or net

Slight panic? Also check!) But don’t worry. Our home affordability calculator can help you figure out how much you should spend on a house.

Did you give it a whirl? As you can see from the results, how much house you can afford really depends on the relationship between your income and the mortgage—specifically, you should keep your monthly payment at or below 25% of your take-home pay.

How much should i spend on housing calculator

(We’ll talk more about that later.)

If that number seems small, just know that I want you to buy a home that’s a blessing, not a burden. When you keep your housing payment below 25% of your take-home pay, that’s exactly what it will be.

Anything beyond 25%, and you risk not having enough margin in your budget every month—which risks putting your home into “burden” territory.

Now, the number you got from our calculator is very close to how much house you can afford, but you’ll need to factor

how much should i spend on housing costs

how much should i spend on rent