Free Tool
How much home
can you afford?
Enter your income, debts, and savings. Get an honest answer using the same rules lenders use — the US 28/36 DTI rule or the Canadian GDS/TDS ratios with OSFI stress test.
Home Affordability Calculator
US 28/36 DTI rule · 30-year fixed
Monthly gross: $10,000
Car loan, student loan, credit card minimums, etc.
That's 10.4% down on your max price
Assumed rate: 6.75% (30yr fixed)
Maximum home price
$481,700
28/36 rule limit
Comfortable range
$385,360
80% of max · breathing room
Est. monthly payment
$2,800
Max loan
$431,700
Binding rule
Front-end 28%
Front-end limit (28%) is binding. Your income limits how large a mortgage you can carry.
Months to save min down payment on $385,360
$1k/mo
0
mo
$1k/mo
0
mo
$2k/mo
0
mo
$3k/mo
0
mo
Estimates only — get pre-approved by a lender for exact figures
Pre-Approval Readiness
- Get pre-approved before making offers — it shows sellers you are serious
- Gather 2 years of W-2s or tax returns + last 2 pay stubs
- Avoid large purchases or new credit accounts during the mortgage process
- H1B holders: bring your visa, I-94, and confirmation of continued employment
Next: Calculate your payment
Once you know your affordability range, use our mortgage calculators to see exact monthly payments with PMI, CMHC, and immigrant-specific program details.
Why these rules matter
US lenders use the 28/36 rule: housing costs ≤ 28% of income, all debts ≤ 36%. Canadian lenders use GDS (32%) and TDS (44%) ratios, plus an OSFI stress test that qualifies you at your rate + 2%.
Ready to get pre-approved?
Our directory of verified mortgage professionals specializes in South Asian newcomers — H1B, Green Card, PR, and Work Permit holders.