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Real Estate Glossary

 Affordability Calculator

 
 
 
  Can I really afford to buy a home?

This calculator will give you a general idea how much of a mortgage you can afford based on your down payment and what you want your monthly payments to be.

Place your cursor in the fields and fill in the requested information to the best of your knowledge. Use the tab key on your keyboard to move through the form. Once the required fields are completed, the form will automatically populate with the information you have requested.

$    How much money can you afford to put down on the purchase of a new home?
$    How much can you afford to pay a month?
    How many years do you want to finance the mortgage?
% What is the interest rate that you hope to get a loan for?

Based on the information you provided above, you would be able to afford a home that costs  .


Note: This calculator is provided to give you a general idea. We cannot guarantee the accuracy or the applicability to your situation. Please consult a qualified professional. If you use a 0% interest value, the calculator will automatically use a default value of .001. Please be aware that the values may vary slightly.