Mortgage Calculator

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Property Details

Adjust any value to match your scenario

Purchase Price
$
Down Payment
%
$200,000
Interest Rate Per year
%
Loan Term
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Monthly Costs

Additional ownership expenses

Property Tax Rate % of price / yr
%
Home Insurance Per year
$
Monthly HOA
$

📊 Monthly Breakdown

Total Monthly Payment
per month
Principal & Interest
Property Tax
Insurance
Principal & Interest
Property Tax
Home Insurance
Loan Amount
Down Payment
Note: This is an estimate only. Actual payments vary based on credit score, lender requirements, and PMI. Contact a licensed mortgage professional for an exact calculation.
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How Much Can You Afford?

Based on the 45% Debt-to-Income ratio most lenders use

Real Example

If your household earns $213,333/year, a bank could approve a mortgage up to $8,000/month — that's 45% of your gross monthly income. At 6.25% over 30 years with 20% down, that's a home price of $1,290,000.

Annual Household Income
$
Existing Monthly Debt Car, student loans, credit cards
$

Your Affordability Estimate

Max P&I Payment
principal + interest only
Required Income
annual household
Estimated Purchase Price
with 20% down · 6.25% · 30yr fixed
DTI Ratio 45%
28% (conservative)50% (max)
Interest Rate 6.25%
4%7%10%
Down Payment 20%
3%25%50%
Note: This is an estimate based on lender DTI guidelines. Actual approval depends on credit score, assets, and loan type. Contact a licensed mortgage professional for an exact calculation.

Work With Us

Buying and selling a home is never easy, but with the right guidance and team behind you, we will take on the journey together so you can enjoy the process.

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