Affordability Calculator
Use this calculator to estimate the maximum dollar amount that a typical mortgage
company may lend, based on your income, debt, down payment (etc). *
Inputs
Results
Fill in the boxes below, then press "Calculate Now".
Annual Income
Value has to be numeric and up to 2 decimals.
Monthly Debt (Car payments, credit cards, student loan payment etc.)
Value has to be numeric and up to 2 decimals.
Cash in hand for down payment
Value has to be numeric and up to 2 decimals.
Property tax rate (1% = $1000/yr for 100K house)
Value has to be numeric and up to 2 decimals.
Home Insurance rate (0.5% = $500/yr for 100K house)
Value has to be numeric and up to 2 decimals.
Interest Rate (%)
Value has to be numeric and up to 3 decimals.
Length of Loan (years)
Value has to be numeric and no decimals.
* Note: This calculator is provided as a means of estimation only.
The actual amount that a mortgage company will lend is dependent on
other factors such as credit history, home value appraisal, (etc).
This calculator is offered without warranty or representation of
accuracy or fitness for a particular purpose