Calculators

This calculator will give you a better idea of how much you can afford to pay for a house and what the monthly payment will be.

1. Home Affordability Calculator

Monthly Income Before Taxes

$
Total Pre-tax monthly income from all sources; used to determine monthly housing allowance baseline

Total Pre-tax monthly income from all sources; used to determine monthly housing allowance baseline

ex. $500,000

Down Payment

$
Amount of money to be paid towards the home. Most banks/lenders typically require a 5% downpayment

Amount of money to be paid towards the home. Most banks/lenders typically require a 5% downpayment

ex. $75,000

Monthly Debt Payments

$
This includes minimum payments to credit cards with balances, student loans, and car payments, but excludes car insurance and utilities

This includes minimum payments to credit cards with balances, student loans, and car payments, but excludes car insurance and utilities

ex. $4,000

Mortgage Interest Rate

   %
Interest rate used to calculate amortized monthly mortgage payments

Interest rate used to calculate amortized monthly mortgage payments

ex. 6.125%

2. Your Home Affordability and Monthly Payment

Home Purchase Price
Down Payment(%down)
Loan Amount
Maximum you can afford:
N/A
N/A
N/A
Monthly Payments

Please complete the form to find out what your home affordability and monthly payment would be.

These figures are for estimation purposes only, as PMI, taxes, and homeowners insurance vary by county. In order to provide estimates a 45% total Debt-to-Income (DTI) ratio was selected; taxes and homeowners insurance figures were based on national averages. The exact amount you can afford will be affected by the specific details of your financing which includes your credit history, current interest rates, points and closing costs.