Affordability Calculator

The amount of credit that you can get depends on your personal financial position and your credit provider. In most cases, lenders estimate that your monthly mortgage payment should not exceed 28% to 35% of your gross monthly income. For this estimation, we're going to use 31% to give you a good idea of what you can comfortably afford.

Monthly Gross Income:

Down Payment:

Estimated Interest Rate (%):

Loan Term:

15 years

20 years

30 years

Maximum Property Value: Estimated Monthly Payment: Estimated Property Taxes (1.6%): Total Monthly Cost:

This calculator is designed to help you get an idea of how much you could potentially afford. These numbers are just an estimate. If you want to find more accurate information that caters to your exact circumstances, reach out to us and we'll be more than happy to assist you through the entire process.

Affordability Calculator

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