Mortgage Affordability Calculator

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How Much Can You Afford on a New Home?

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Find out how much you can afford on a new home with this mortgage affordability calculator.  The calculator will determine the price range of your home based on your current income and debt.

The mortgage affordability calculator assumes a 30-year mortgage with the actual rates.  The minimum amount is based on a debt to income ratio of 28%, and the maximum calculated price range is based on a 36% debt to income ratio.  Lenders may approve higher loan amounts that will result in a larger debt to income ratio than 36%.  If approved, be very confident you can manage your monthly mortgage payments to avoid of risk of payment default and the possibility of foreclosure.

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