How Much Can You Afford?

Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required Fields   Required Must be a number between 1 and 50 Term In Years:        Required Must be a number between 1 and 100 Interest Rate:      %   Required Must be a positive number. Maximum of 2 decimal places. Cost of Home:  $   Required Must be a positive number. Maximum of 2 decimal places. Cannot be more than Cost of Home Down Payment:  $     Required Must be a positive number. Maximum of 2 decimal places. Annual Insurance:  $     Estimate Insurance to 0.43% of Cost   Required Must be a positive number. Maximum of 2 decimal places. Annual Property Tax:  $     Estimate Tax to 1.2% of Cost   Required Must be a positive number. Maximum of 2 decimal places. Monthly Income:  $   Required Must be a positive number. Maximum of 2 decimal places. Monthly Debt:  $ Optional Fields Gross Debt Service Ratio (GDS):     28%29%30%31%32%33%34%35%36%37%38%39%40%41%42%43%44%45%46%47%48%49%50%51%52%53%54%55%56%57%58%59%60%61%62%63%64%65%66%67%68%69%70% Total Debt Service Ratio (TDS):     36%37%38%39%40%41%42%43%44%45%46%47%48%49%50%51%52%53%54%55%56%57%58%59%60%61%62%63%64%65%66%67%68%69%70% Condos Fees:  $   Must be a positive number. Maximum of 2 decimal places.

Results

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Mortgage Qualification Affordability Rent vs Buy Your Monthly Payments   Loan Amount:   Loan Insurance (%):   Total Loan (Mortgage) Amount:       Principal & Interest:   Homeowners Insurance:   Property Taxes:   Condo Fees:   Monthly Loan Insurance (%):   Total Monthly Payment:   Income Needed to Qualify for the Mortgage   Total Monthly Loan Payment:   Total Monthly Debt Payment:   Monthly Loan Insurance (%):   Qualifying Income of % GDS Ratio:   Qualifying Income of % TDS Ratio:   What You Can Afford We are using the % ratio. Cost of House:   Down Payment:   Loan Value:   Monthly Principal & Interest:   Monthly Insurance:   Monthly Property Tax:   Monthly Condo Fees:     Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) Renting Monthly Rent: $ RequiredMust be a positive number Annual Rental Increases:  RequiredInvalid% Monthly Renter Insurance: $ RequiredInvalid Savings or Investment Rate:  RequiredInvalid%   Owning Planned # of years in home:  RequiredInvalid Yearly appreciation of the home:  RequiredInvalid% Annual home maintenance:  RequiredInvalid%