Sign-Up now for FREE!     Already a member? Login to your account.
FAQs  |  Help  |  About Us
  • My Credit
  • Karma Offers
  • Tools & Calculators
  • Credit Cards
  • Compare Rates
  • News & Advice
  • Blog
  • Overview
  • Calculators
  • Credit Trends
  • Rate Trends

Calculators

  • Simple Loan Payments
  • Home Affordability
  • Debt Repayment
  • Amortization
NATIONAL OVERNIGHT AVERAGES
Source: Bankrate.com
CDs &
deposits Mortgage Rates Home
Equity
Get More Information From Credit Karma See All Current Rates

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.

Home Affordability Calculator

1. 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. $5,000
2. 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
3. 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. $400
4. Mortgage Interest Rate
%
Interest rate used to calculate amortized monthly mortgage payments

Interest rate used to calculate amortized monthly mortgage payments

ex. 6.125%

Your Home Affordability and Monthly Payment

Details Home Purchase Price Down Payment(%down) Loan Amount
Maximum you can afford - - -
Monthly Payments
Use calculator above
to find monthly payments

Monthly payment consists of the following details:

Your Total Monthly Payment

$0

=

Monthly Principal and Interest

$0

+

Private Mortgage Insurance (PMI)

$0

+

Property Taxes

$0

+

Homeowner's Insurance

$0

Get Rates

These figures are for estimation purposes only, as PMI, taxes, and homeowners insurance vary by county. The exact amount you can afford will be affected by your credit history, current interest rates, points and closing costs.

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.

  • About Us |
  • FAQ |
  • In The News |
  • Glossary |
  • Terms of Use |
  • Privacy Policy
Copyright © 2007-2009 Credit Karma™, Inc. All Rights Reserved. Patent Pending.
TRUSTe Verified HACKER SAFE certified sites prevent over 99.9% of hacker crime. Click to verify BBB accreditation and to see a BBB report.
ABOUT SSL CERTIFICATES