How much home can I afford?

When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain.
Income and Debt Obligations
Current combined annual income ($) 
Monthly child support payments ($) 
Monthly auto payments ($) 
Monthly credit card payments ($) 
Monthly association fees ($) 
Other monthly obligations
(not including current mortgage payment) ($)
 
New Loan Assumptions
Annual interest rate on new mortgage (%) 
Term of new mortgage (years) 
Funds available for a down payment ($) 
Estimated annual property taxes ($) 
Estimated annual homeowner's insurance ($) 
Front-end ratiohelp
Back-end ratiohelp
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

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