How Much Can I Afford Calculator
This calculator will allow you to compute how much property you can afford by taking the purchase value, interest rate and your non real estate related monthly payments and converting them into monthly payments you can budget by and a target salary range you should be in so you know if you can really afford the property.
|See if Your Income is Sufficient to Qualify|
|Desired Mortgage for New Home|
|Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).|
|Monthly Principal + Interest|
|Total Housing Payment (tax & insurance included)|
Your salary must meet the following two conditions:
DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.