How Much Home Can You Afford?
Find your estimated home-buying budget based on your income, debts and down payment.
Your Estimated Home-Buying Budget
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Estimated Loan
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Estimated Monthly Housing
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Principal & Interest
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Property Taxes
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Insurance
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Want me to find homes in this price range?
This calculator provides an estimate and is not a loan approval.
Actual qualification may vary based on credit, loan program,
income, taxes, insurance, PMI, HOA fees and lender guidelines.
Mortgage Payment Calculator
Estimate your monthly payment including principal, interest, property taxes, homeowners insurance and PMI.
Enter either your down payment percentage OR dollar amount below.
The other field automatically updates.
Example: 2 = 2% annual property tax.
PMI is automatically $0 at 20% down or more.
Estimated Monthly Mortgage Payment
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Principal & Interest$0
Principal — 1st Month$0
Interest — 1st Month$0
Property Tax$0
Homeowners Insurance$0
PMI$0
Down Payment$0
Loan Amount$0
Down Payment %0%
Total Monthly Payment$0
Principal and interest use the standard fixed-rate mortgage amortization formula. Property tax is estimated from the home price and entered tax rate. Homeowners insurance is the annual premium divided by 12. PMI is estimated only when the down payment is below 20%, using the entered annual PMI rate and original loan amount. Actual PMI varies by borrower, credit, loan program, lender and loan-to-value ratio. This estimate does not include HOA dues, flood insurance, special assessments, closing costs or lender fees.