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Mortgage & Home Affordability Calculator

I understand that as a buyer, you face a multitude of questions such as:

  • What home can you afford?
  • How much will your mortgage payments be?
  • What will your closing costs be for a new home purchase?
  • Are you better off renting?
  • Are you better off refinancing?
  • What will your refinancing costs be?
  • How much can you save in taxes?

To begin to answer these questions, the mortgage calculator below is a useful tool for determining your monthly payment for purchasing or refinancing. It can also be useful as a starting point to get an idea of how much home you can afford. The more accurate information you provide, the more accurate the numbers will be.

To use the calculator, simply complete or change the entry fields in the “Input” column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field, or by pressing the "Submit" button at the bottom.

Purchase Information

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Payment Information

Qualifying Information

Create Amortization Schedule

Longer term loans may take a few moments for the report to be generated.

This calculator is intended solely for general informational purposes and to provide a rough estimate based on the information you supply. If you are looking for specific financial advice, please consult a loan officer or financial institution representative first. Any examples are hypothetical and are for illustrative purposes only. We assume no responsibility for the accuracy, reliability, usefulness, or availability of any information appearing on this page.

Ready to start your home search?

If you're ready to start the search for your dream home, I'd be happy to provide you with more information about the home-buying process and help you find the best home for your needs. Let's get started on finding the perfect home for you.

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