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How To Know How Much House You Can AffordMost lenders require that you'll spend less than 28% of your pretax income on housing and 36% on total debt payments. Just tell us how much you earn and what your monthly outgoings are, and we'll help you estimate how much you can afford to borrow for a mortgage. Use Zillow's affordability calculator to estimate a comfortable mortgage amount based on your current budget. Enter details about your income, down payment and.