How Much House Can I Afford?

Buying a home is likely to be the largest financial transaction you'll ever make. Make sure you don't overextend yourself on this important purchase. Use this calculator (use whole numbers and leave out commas and dollar signs) to help you determine how much house you can afford.

Enter your annual gross income
This is your gross monthly income
This is your monthly allowable housing expense plus long-term obligations
Enter your monthly long-term obligations (payments for credit card debt, insurance, student loans, car loans, etc.)
This is your monthly allowable housing expense
This is your monthly principal and interest
Enter your interest rate
This is the ESTIMATED mortgage amount you should pay for your home
Enter the amount you want to pay as a down payment

This is your estimated maximum affordable price*

*This amount is only an estimate. When making your decision, don't forget to factor in closing costs, fees, moving costs, and other expenses that go with buying a home.