Calculate Your Loan:

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You Can Afford A House Up To:

Fill out the information above to find out how much house you can afford.

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Your monthly payments: $0

Your Detailed Results:

Your Total Spending Breakdown

Mortgage Spending Breakdown
Tax & Insurance

Your Monthly Budget

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Mortgage Calculator Help

Check out our glossary to familiarize yourself with mortgage terminology or read our guides to make the best decisions when looking for a mortgage.

Interest Rate

When you take out a loan with a lender, you have to pay interest on that loan. The amount of interest paid per year is determined by the interest rate, which is calculated based on your loan amount. The interest rate will vary depending on your credit – better credit means a lower interest rate.

Down Payment

The upfront payment that you must make (usually in cash) when you take out a mortgage and finalize your home purchase. The typical down payment amount is 20 percent of the home price.

Monthly Debt

Other debt that you may already have (e.g., credit card debt, student loans, etc.). If you have monthly non-mortgage debt, it may be tougher for you to make monthly payments, which means that you won’t be able to afford a more expensive home.