Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Check out how much house you can buy by using our Mortgage Affordability Calculator...
Estimated home price you can afford
$
Affordable
Manageable
Stretching
Monthly Payment
$
Loan Balance & Interest
$
Property Taxes
$
Homeowners Insurance
$
Private Mortgage Insurance
$
HOA Dues
$
You can afford a $ home
Monthly Payment
$
Loan Balance & Interest
$
Property Taxes
$
Homeowners Insurance
$
Private Mortgage Insurance
$
HOA Dues
$
Remaining Monthly Budget
$
This estimates what you'll have left for living expenses after paying your mortgage and debts. We assume you'll pay 25% of your income in taxes.
Monthly Income (after taxes)
$
Monthly Mortgage Payment
- $
Monthly Debt & Expenses
- $
DTIDebt-To-Income Ratio
%
The Debt-To-Income ratio helps you understand if you have enough income to live comfortably for the selected home price. A general guide is to budget around 28% of your pre-tax income for your mortgage payment, and another 8% for other debts.
Affordable 20%-36%
Manageable 37%-43%
Stretching 44%-55%
Recommended Savings
$
This is the recommended amount to save for your down payment, closing costs, and cash reserves. Cash reserves are equal to 3 months of your mortgage payment. We asume you'll pay 2.9% of the home price in closing costs.
Down Payment
$
Closing Costs
$
Cash Reserve
$
Affordability Calculation
This breakdown shows the key factors affecting your home affordability calculation.
Annual income
$
Down payment
$
Monthly debts
$
Debt-to-income
%
Interest rate
%
Loan term
Taxes & insurance included?
Property tax
%
Homeowner's insurance
% /yr
Mortgage insurance
$/mo
HOA dues
$/mo
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.
Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $ (the amount borrowed)
- Interest payments: $ (the cost of borrowing)
Check Out Our Mortgage Calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
General Mortgage Payment
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See what your monthly payment could be with our general repayment mortgage calculator.
Affordability
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Assess how much home you can afford based on your income, expenses, and desired down payment.
Early Payoff
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See how making extra payments can help you pay off your mortgage faster and save on interest.
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Compare the costs of renting versus buying a home to determine the best financial decision for your situation.
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See how much you could make from your home sale with our Seller Net Profit Calculator.
Rate BuydownCalculator
Check out how much you can save with a seller-paid rate buydown.
HELOC
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Estimate your credit limit and monthly payments with our HELOC Calculator!
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Compare different mortgage options side by side to find the best fit for your financial needs.
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Evaluate the potential savings and costs associated with refinancing your existing mortgage.
DSCR Investor
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See what your investor ratio is with our DSCR calculator.
Adjustable Rate Mortgage
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Determine your potential monthly payments and interest costs for an adjustable-rate mortgage over time.
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Estimate your monthly payments and total costs for a loan backed by the Department of Veterans Affairs.
Jumbo
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Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.
FHA
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Determine your potential monthly payments and total costs for a Federal Housing Administration loan.
ConventionalCalculator
See the monthly payment and total cost for a conventional mortgage loan.
USDA
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Calculate the costs and monthly payments associated with a USDA Rural Development loan.
203k Renovation
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Analyze your debt service coverage ratio to evaluate the profitability of an investment property.
