|
Yearly Income
(before tax) $
Down Payment
$
Interest Rate
%
Term of the Loan
% of Income *
%
(results appear below) |
This page will calculate the most expensive house you can afford based on your income and other factors.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise. * The percentage of your pre-tax income you are able to spend on housing. 28% is the standard amount. |
