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RentBudget
The 30% rule says housing should cost no more than 30% of gross income — but existing debts change the math.
The 30% guideline originated from the 1981 Brooke Amendment to US housing policy. While it's a useful starting point, expensive cities often require spending 40-50% on housing — the key is ensuring the remaining 70% covers all other necessities and savings.
If you already have car payments, student loans, or credit card minimums, those eat into the 30% budget — this calculator subtracts existing debts from your housing budget to give you a realistic maximum rent.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
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OpenProject growth from deposits and compounding interest.
OpenWhat you entered
Max housing cost (30% of income)
$5,000.00 × 30%= $1,500.00Subtract existing debts
$1,500.00 − $300.00= $1,200.00Remaining after rent + debts
$5,000.00 − $1,200.00 − $300.00= $3,500.00Result
Max rent: $1,200
Based on the 30% rule with $300 in existing debts, you can afford up to $1,200 per month in rent.