Liberty Mortgage Calculator

How Much House Can I Afford?


To determine ‘how much house can I afford’, the standard rule is that your monthly expenses should not exceed 36%. The 36% rule is based on dividing your monthly mortgage payments and other monthly debt payments by your gross monthly income.

Key factors in calculating affordability


Money that you receive on a regular basis, such as your salary or income from investments. Your income helps establish a baseline for what you can afford to pay every month.

Available Funds

This is the amount of cash you have available to put down and to cover closing costs. You can use your savings, investments or other sources.

Debt & Expenses

It’s important to take into consideration other monthly obligations you may have, such as credit cards, car payments, student loans, groceries, utilities, insurance, etc.

Credit Score

Your credit score and the amount of debt you owe influence a lender’s view of you as a borrower. Those factors will help determine how much money you can borrow and what interest rate you’ll be charged.

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