Home affordability · 2026 estimate
On a $150,000 salary, the 28/36 rule points to a home around $504,424 — with room to stretch depending on your debt and down payment.
| Gross monthly income | $12,500 |
| Max housing payment (28% of gross) | $3,500 |
| Max total debt (36% of gross) | $4,500 |
| Down payment (10%) | $50,442 |
| Loan amount | $453,981 |
The 28% figure is the conservative target most lenders and budgeters prefer. The 36% figure is the upper limit — reachable only if you have little or no other monthly debt (car loans, student loans, credit cards).
Change any of these — rate, down payment, taxes, or your existing debts — in the full home-affordability calculator. Your actual budget depends on credit score, debts, and local property taxes.
Using the 28% rule, a $150,000 salary supports a home around $504,424 — assuming 6.5% interest, 10% down, and a 30-year loan. If you carry little other debt you might stretch toward $648,545 (the 36% limit). These are estimates; lenders also weigh credit and existing debt.
The 28/36 rule says housing costs should stay under 28% of your gross monthly income, and total debt payments under 36%. On $150,000 a year ($12,500/month), that is $3,500 for housing and $4,500 for all debt combined.
At 10% down on a $504,424 home, you would need about $50,442 up front, plus closing costs. A larger down payment lowers your monthly payment and lets you afford more house.
These are 2026 estimates using the 28/36 rule and the assumptions above. They are not a mortgage pre-approval or lending offer. Interest rates, property taxes, insurance, HOA fees, and your own debts and credit will change what you can actually borrow. Talk to a lender for a real pre-approval.
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