Most lenders use a classic formula called the to decide your baseline eligibility:
: Your monthly mortgage payment (including taxes and insurance) shouldn't exceed 28% of your gross monthly income . how much money can i borrow to buy a house
: Your total monthly debt (mortgage + car loans, student loans, and credit cards) should not exceed 36% of your gross income. Most lenders use a classic formula called the
How much house can you afford with a $100K salary? - Rocket Mortgage 000 a year ($8
: ~$3,000/month (this includes your mortgage). 2. Loan Limits for 2026
If your household earns $100,000 a year ($8,333/month): Max Mortgage Payment : ~$2,333/month.
Lenders are also capped by federal "conforming loan limits," which were recently increased due to rising home values.