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How To Know How Much House You Can AffordThe maximum mortgage you may qualify for depends on several factors, including: credit score, combined gross annual income, monthly expenses, the proposed down. How much can you afford? Use our calculator to get an estimate on your price range that fits your budget, along with mortgage details. Most lenders base their mortgage qualification on your total monthly expenses divided by your monthly gross income. This is called debt-to-income ratio (DTI).