What is the How Much Can I Afford Calculator?
This How Much Can I Afford Calculator is a tool used by people who would like to know How Much House or How Much Mortgage they can afford based on their monthly income, monthly debt and other variables. Your input into the Home Calculator helps us easily determine How Much House you can afford.
Who needs the How Much Can I Afford Calculator?
Anyone who is trying to decide how much house or how much mortgage they can afford in a monthly payment. Before you begin looking for a home, use our calculator to determine the amount that you can afford to pay monthly and save yourself lots of time. You may be surprised by how much house you can afford.
How does my debt to income ratio affect my results?
You'll notice your debt to income ratio in your calculator results. How much house you can afford has everything to do with this percentage. Ideally, this number will be below 37%. Try the calculator with several different scenarios to determine how much more house you can afford by lowering your debt to income ratio first.
What other financial tools are available here?
In addition to the Debt to Income Ratio Calculator above, we have created a list of helpful financial tools to assist our users in journey toward successful money management. These calculators include:
Mortgage Calculator - also known as a Mortgage Payment Calculator is a financial tool used to calculate the Estimated Mortgage Payment of a Home Loan based on Home Value, Loan Amount, Interest Rate and other variables.
Debt to Income Ratio Calculator - or Debt Calculator is a financial tool used to calculate your Debt Ratio amount using a Debt vs. Income formula.
Extra Payments Calculator - used to determine the amount of principal you save on the life of your loan based on the amount of Extra Mortgage Payments you make.
Equity Line of Credit Calculator - an Equity Loan Calculator that you can use to determine the amount of an Equity Loan that you may qualify for based on the amount of Equity you have in your Home.
Mortgage Balance Calculator - Find your Mortgage Balance quickly with our Mortgage Balance Calculator. Input your information to display Mortgage Loan Balance.
Refinance Calculator - display a clear comparison between your current loan and a Mortgage Refinance Loan based on your input.