Use this calculator to better understand how much home you can afford. Before you goto the mortgage lender, make sure you use this calculator to prepare yourself. The next couple of years of mortgage payments will affect your overall finances. Make sure your home purchase doesn't place burden upon your long-term financial success.

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Affordability Calculator

Input
Loan Info
Downpayment
Interest (%)
Loan Length (Yrs)
Estimated Front Ratio ($)
Estimated Back Ratio ($)
Income DebtPayment
Income 1 ($) Auto Loan ($)
Income 2 ($) Boat/RV ($)
Income 3 ($) Credit Card 1 ($)
Income 4 ($) Credit Card 2 ($)
Income 5 ($) Other Accounts ($)
Taxes and Insurance
Annual Property Taxes
Annual Insurance
Annual PMI
Financial Analysis
Monthly Payment $1,542.40
Monthly Property Taxes $250.00
Monthly Insurance $125.00
Monthly PMI $103.01
Total Monthly Payment $2,020.41
Monthly Income $8,000.00
Monthly Debt Payment $910.00
Actual Front Ratio 25
Actual Back Ratio 37
Amount $247,231.03
Downpayment $27,470.11
Home Value $274,701.15

 
Mortgage
Rates
Loan Type
Today
1-Year ARM
5.46%
5/1 ARM
5.75%
15-Year Fixed
6.14%
30-Year Fixed
6.29%
Find Current
Rates
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