Lenders primarily use two "rules of thumb" to decide if you qualify, though these represent the maximum they will lend, not necessarily what you should spend to live comfortably.
Your total monthly debt obligations (new mortgage plus car loans, student loans, and credit card minimums) should ideally stay under 36% to 43% of your gross monthly income. 2. Income Needed by Home Price (April 2026 Estimates) how much should your income be to buy a house
Your total monthly housing payment—including principal, interest, property taxes, homeowners insurance, and any HOA fees—should not exceed 28% of your gross (pre-tax) monthly income . Lenders primarily use two "rules of thumb" to