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South State Bank
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How Much Home Can I Afford? Calculator

Couple on computer together.
The perfect home is for sale in the neighborhood you’ve always wanted. Can you afford it?

With a purchase as large as a home, there are many considerations when determining if you can afford a house payment. You’ll need to take a look at your monthly income, any debt you owe, annual property taxes and insurance, the life of the loan, available down payment, and interest rate. If you’re not sure about insurance or property tax costs, you can get a quote from your insurance agent.

Each of these items will impact your monthly payment, so estimate them as best you can. It might be a good idea to overestimate your costs and underestimate your income just to be safe. If you end up having more room in your budget than anticipated, you could adjust your budget or put that money aside in savings.

Once you decide you can afford the home you want, find a local mortgage banker. He or she can make the home loan process easier and meet your family’s long-term goals.

Can I apply for a mortgage online? Begin your online application here.

  • This calculator is an illustrative tool meant for educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product offered by SouthState Bank, N.A. (the “Bank”). The calculations do not infer that the Bank assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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