To Buy A House | How Much Money Can I Borrow

: ~$3,000/month (this includes your mortgage). 2. Loan Limits for 2026

: Your monthly mortgage payment (including taxes and insurance) shouldn't exceed 28% of your gross monthly income .

Most lenders use a classic formula called the to decide your baseline eligibility: how much money can i borrow to buy a house

Lenders are also capped by federal "conforming loan limits," which were recently increased due to rising home values.

If your household earns $100,000 a year ($8,333/month): Max Mortgage Payment : ~$2,333/month. : ~$3,000/month (this includes your mortgage)

How much house can you afford with a $100K salary? - Rocket Mortgage

How Much Money Can I Borrow for a House? Finding Your Magic Number Most lenders use a classic formula called the

: Your total monthly debt (mortgage + car loans, student loans, and credit cards) should not exceed 36% of your gross income.