The free online calculator will calculate the price of the home you can afford based on the amount of cash you have available for a down payment, and on the monthly funds available for paying your mortgage payment and ongoing costs of ownership.
Unlike other online home affordability calculators that tell you how much house you can afford based solely on the monthly mortgage payment, this calculator includes an estimate of the monthly home ownership costs that will greatly impact how much house you can truly afford.
If you are only interested in finding out the size of the mortgage you might qualify for, please visit the Mortgage Prequalification Calculator.
Or, if you would like to compare buying a home versus renting a home or an apartment, please visit the Rent Vs Buy Calculator -- which includes other home affordability factors you need to consider.
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