How Much House Can I Afford?

Are you considering buying a new home but unsure what you can afford? This calculator will give you a good idea. If you're new to mortgages, please see our articles on Components of a Mortgage and Fixed vs Adjustable Rate Mortgages. You might also like to compare different options to find monthly payments with our simple Mortgage Calculator.

Home Affordability Calculator

Find out how much you can afford to pay for your new home with our free New Home Calculator. This calculaor will take into account your gross income and any debt payments you may have, and give you the home price you're most likely to be approved for based on industry standards.
Gross annual income: Instructions
Monthly debt payments:
Down Payment:
Annual Interest Rate:
Monthly insurance:
Monthly property tax:
Closing cost points (%):
Other closing costs ($):
Length of the Mortgage:
Downpayment less closing costs: Instructions
Loan Amount:
Home Price:
Monthly Payment:

What You Should Know: