Find out what type of house you can afford based on your monthly income and costs.

How much can you afford? By entering just a few pieces of information, you can find out what the total loan amount you can afford is, so you can set your price range for home shopping. Just fill in the information below to get started.

Please be aware that actual payments may vary considerably from this estimate based on your actual mortgage product, interest rate, and term. This calculator is meant for estimation purposes only.

Instructions:

1. Enter the number of years you plan to repay the loan over, also called the "loan term". Most mortgages terms are 30 or 15 years, though some lenders offer 25, 40, and other loan terms.
2. Enter an interest rate. If you don't know what interest rate to enter, you can get a rate quote, or use the current average rates on the right.
3. Enter the amount you can afford to pay each month.
4. Click compute. The total amount you can afford to borrow will be displayed.

Number of Years Interest Rate Monthly Payment

Your Affordable Amount
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