Affordability Calculator

Affordability Calculator

How much house can I afford? The Affordability Calculator determines the largest mortgage and property sales price you can afford based on your current financial status. It is useful to have this estimate when you contact a lender. Being pre-approved can often times give you a stronger negotiating position when purchasing your home.

 
Enter Data Here Your Estimated Results
Monthly Income - $ Maximum Mortgage Amount
Monthly Obligations - $ Down Payment
Down Payment - % Property Sales Price
Closing Costs - %  Closing Costs
Buyer(s) Available Cash Funds Down Payment & Closing Costs
Savings & Cash - $ Funds Surplus / Shortage (-)
Taxes and Insurance  Monthly Loan Payment
Annual Property Tax - %  Monthly Property Tax
Annual Hazard Insurance- %  Monthly Hazard Insurance
Annual Condo Fee - $  Monthly Condo Fee
Loan Parameters  Monthly PMI Insurance
Annual Interest Rate - % Monthly Housing Expense
Loan Term in years