The affordability calculator will help you to determine how much house you can afford. 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.
Begin by clicking in the first entry field and following 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. It is wise to consider all your financial obligations when determining how much you can afford.
Once you have a better idea of how much house you can afford, here are some helpful links for your next steps:
Advice for Buyers | Advice for Sellers | Find a Realtor® | Why to use a Realtor® |
Disclaimer: These calculators are for information purposes only. Consult a financial professional for further advice.