Are you thinking of buying a house, condo or co-op? Use our home affordability calculator to estimate how much of a mortgage you can afford. Enter your monthly gross income, debt expenses, down payment and interest rate for the mortgage. The affordability calculator will show you the basic calculations below. You can click “view calculation details” to see a more complete breakdown based upon your monthly gross income, expenses, future property taxes, insurance and PMI. It will estimate the mortgage loan that you can afford on your budget.
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|Monthly Debt Expenses [?]
Monthly Debt and Obligations Should Include:
Disclaimer: Our affordability calculator is only a tool to approximate the amount of a mortgage loan you can afford to purchase a home. It is to be used at your own risk. We do not guarantee its accuracy and disclaim any and all liability. Always confirm the amount of your mortgage payments with an attorney or licensed real estate broker before making any decision or signing a mortgage or any other legal document.