How Much House on $5,000 Monthly Income?

With $5,000 a month in gross income, the 28% rule gives you about $1,400 a month for your full housing payment, including taxes and insurance.

The math

28% of $5,000 is $1,400. Working backward through a 6.5% rate, 30-year term and typical taxes, that supports a home around $210,000 to $240,000, depending on your area's tax rate.

What changes the number

High property tax, HOA fees, PMI and other debts all shrink how much home you can afford. Your down payment matters less than your monthly budget.

Try it yourself

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