Mortgage Affordability Estimator

💵 Monthly Income i
Switch between Simple and Detailed as needed
$
Salary + bonuses + alimony + social security + other income.
Total Income (Employment) $0.00
🏘️ Rental Income i
$
$
$
Profit adds to income. Loss adds to expenses.
💳 Monthly Expenses i
Switch between Simple and Detailed as needed
$
Car/personal/student loans, credit cards, etc.
Total Other Expenses $0.00
💰 Down Payment & Loan Details i
Enter cash available for down payment, choose loan term & interest.
$
%
🏡 Property Monthly Costs i
Taxes, insurance, HOA, PMI.
$
$
$
$
$0
Home price you can afford
Loan Amount $0
Down Payment $0

Based on your provided affordability formula.

Monthly payment
$0
P&I $0.00
Tax $0.00
Insurance $0.00
HOA $0.00
Mortgage Ins. $0.00
Variables (Testing)
Hide this section after validation.
Employment Income
$0.00
Rental Profit/Loss
$0.00
Total Gross Income
$0.00
Monthly Debts (only)
$0.00
Total Other Expenses
$0.00
Property Monthly Costs
$0.00
P&I Budget
$0.00
Loan Amount (L)
$0.00
Max Purchase Price
$0.00
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Calculating your mortgage payment

Our mortgage calculator estimates your monthly mortgage payment based on a number of factors: principal & interest, down payment, loan term, homeowners insurance, property taxes, and HOA fees. Compare scenarios to see how they impact your budget.

How do we calculate your monthly payment?

The formula used is:

P = L × (c × (1 + c)n) / ((1 + c)n − 1)

  • P = Monthly payment
  • L = Loan amount
  • c = Monthly interest rate
  • n = Total number of monthly payments

*Caution: Payment calculations are based on the figures entered. Please ensure accuracy of input data for reliable results.