Affordability Calculator

This calculator will help you to determine how much house you can afford. After you enter your information, the calculator tests your entries against mortgage industry standards to determine the highest priced house you can qualify for, along with the down and monthly payments you would need to make in order to sustain homeownership. It is wise to consider all your financial obligations when determining how much you can afford.

Begin by clicking in the first entry field and follow the instructions that appear in the Help box. Please note that this calculator requires that you place a minimum downpayment of 5% of the mortgage.

Gross annual income ($): Explain/Instruct
Monthly debt payments ($):
Down payment ($):
Annual interest rate (%):
Monthly insurance ($):
Monthly property tax ($):
Length of the mortgage:
Net down payment: Explain/Instruct
Loan amount:
Home price:
Monthly payment:

View more calculators on our home buying tools page.

Disclaimer: These calculators are for information purposes only. Consult a financial professional for further advice.