Mortgage Calculator

Calculator and pen
Do you know how much house you can afford?

Before starting your home search, it's a good idea to know how much house you can afford to determine your price range. Use this mortgage calculator to determine your monthly mortgage payments quickly and easily. Enter your desired home price and other information in the fields below. In seconds, you will have an estimate of your monthly house payment.

Your lender decides what you can borrow, but you decide what you can afford. Lenders are careful, but they make qualification decisions based on averages and formulas. They won't understand the nuances of your lifestyle and spending patterns quite as well as you do. Of course, it's always best to leave a little room for the unexpected.

Historically, banks use a ratio called 28/36 to decide how much borrowers could borrow. An approved housing payment couldn't be more than 28 percent of the buyer's gross monthly income, total debt load, including car payments, student loans, and credit card payments shouldn't be more than 36 percent.  No matter your price range, we urge you to think carefully before stretching your budget.

Deciding how much you can afford should involve some careful attention to how your financial profile will change in the upcoming years. In the long run, your own peace of mind and security will matter most.

I can help you find a qualified mortgage professional to ensure you are getting the best advice in determining how much house you can afford.