| Determine
What You Can Afford Right Now!
The calculator
works with any Java Script enabled web browser.
These calculations
are estimations only, actual payments and interest rates
vary depending on your individual credit status and
history. |
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Maximum Allowable
Monthly Payment & Home Purchase Price
This calculation will calculate both
your maximum monthly mortgage payment and the maximum purchase
price of your home based on the numbers you input. Lenders
typically allow the lesser of these two calculations as your
Maximum Monthly Expense:
a) 28% of your monthly
gross income, or
b) 36% of your monthly gross income less
any long term obligations
Estimate my monthly payments.
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