How Much Home Can I Afford? Calculator
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.
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.