How much house can I afford with my income?
Determining your maximum home price is the foundation of a stress-free buying experience. At LENDERLINE, we encourage clients to focus on comfortable payments, not maximum approvals.
Here’s the framework our advisors use in 2025:
- Keep housing expenses below 28 % of gross income.
- Keep total debts below 43 %.
- Leave a 10 % buffer for maintenance and unexpected expenses.
Example: An $8 500 monthly income yields ≈ $2 400 for housing ($420 000 loan range at 7 % with 10 % down). Adding $600 for taxes and insurance puts the payment at the sweet spot of financial comfort.
LENDERLINE Pro Tip: Don’t let pre-approval define your budget. A bank approves your maximum risk limit; we help you define your personal comfort limit.
Even if you have been turned down by another lender, LENDERLINE has a loan program for you.
Call LENDERLINE at 1-888-661-7888 or complete this form to schedule a FREE mortgage consultation.