How much home can I afford?

Use our home affordability calculator to find out how much house is in your budget by entering a few numbers below (income, debt & other factors). Our calculator requires you to enter affordability ratios used to determine qualification for mortgage approvals. The housing payment ratio (or front ratio) compares your total mortgage payment to your monthly income and your total debt ratio (or back ratio) compares your total monthly obligations including your mortgage payment to your monthly income. Monthly Revolving Account debt refers to monthly credit card and store card payments.

Gross monthly income:
Other monthly income: $
Downpayment amount: $
Debt Information
Monthly Auto Loans: $
Monthly Student Loans: $
Monthly Installment Loans: $
Monthly Revolving Accounts: $
Monthly Other Payments: $
Loan Information
Mortgage rate: %
Loan Term (Years):
Front Ratio : %
Back Ratio: %
Property Information
Monthly Real Estate Taxes: $
Monthly Hazard Insurance: $
Monthly Mortgage insurance: $
Monthly Homeowners Assoc Dues: $
The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.