How much house can you afford?

Enter Household Income/Mortgage Information

Gross Annual Income:	$
Downpayment Amount:	$
Monthly Debt: (ex: credit cards, student loans)	$
Mortgage Rate:	%
Annual Property Taxes:	$
Annual Homeowner Insurance:	$

Review Mortgage Payments

Minimum House Price:	$
Loan Amount:	$
Monthly Mortgage Payment:	$
Taxes & Homeowners Insurance:	$
Total Monthly Payment:*	$

*This calculator is an affordability estimating tool and not an actual mortgage quote. For an actual quote, please contact a mortgage specialist.

Home Affordability Calculator

• We used the standard guidelines used by most lenders in order to find your affordable home price. For example, we used a debt-to-income ratio of 36 percent as well as a 28 percent payment-to income ratio for the conservative estimate and 28 percent for the aggressive estimate. Savings needs are not calculated here.
  
  
• We have assumed a 30-year mortgage term, annual property taxes of $3500 and a $804/year home insurance premium (based on the National Average). This calculation does not include private mortgage insurance (PMI) which you may be required to pay if you put down less than 20% of the purchase price as a down payment.

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