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Affordability Calculator

Estimate your loan preapproval amount based on your income and expenses.

Estimate how much home you can afford

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Enter your annual income before taxes. Self employed? Average the last 2 years.

Annual Income Line Item Breakdown

Wages, Salary, or Self-Employment Earnings
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Commissions, Overtime, or Bonuses
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Allimony and Child Support Income
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Interest earnings, brokerage accounts, stocks, etc.
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any additional income
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Enter the monthly total you pay for debts like car payments, credit card minimums or student loans. This does not include current rent or mortgage payments.

Monthly Debt Line Item Breakdown

car payments, auto insurance, car repairs, and maintenance.
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monthly spend on groceries, carry out, and eating out.
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Enter your down payment amount
Select your credit score range
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Disclaimer

This calculator helps estimate principal and interest payments based on the terms you enter. The information provided does not include taxes, insurance, or other housing-related payments, which may result in a higher payment. The payment estimate is hypothetical, and the loan terms or programs used in the calculation may not be available to all borrowers.

This is not a commitment to lend nor a pre-approval. Consult our mortgage consultant for accurate information.

A home price up to
$ 0
would be affordable with this budget.
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Affordable
Risky
DTI (Debt to Income ratio) is the ratio of your major monthly debt payments to your gross monthly income. A DTI ratio greater than 41 percent can require closer scrutiny.

Monthly Budget Breakdown:

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  • $0 This is your remaining gross monthly income after making your major monthly debt payments, including the new mortgage. For the purposes of savings and additional expenses, remember this is a pre-tax figure that doesn’t reflect your monthly net income.