How Much Can You Afford?

The chart below is designed to provide a general idea of how much you can afford. I say "general" because actual numbers can vary significantly, depending on such factors as local closing costs, your credit standing, the type of loan obtained, the number of points required, any seller credits, etc. For the best deals, and for specific affordability figures, please contact lenders.

To use the chart, replace the model numbers with your figures. Do not use commas. When all blanks are filled in, press the calculation button.

Please note: Information entered onto this form is not collected, sold, or exchanged.

Annual Income
Monthly Credit Payments
(Car payments, credit cards, student loan payment etc.)
Cash Down Payment
Property taxes
(1% = $1000 per year for 100K house)
Property Insurance
(0.5% = $500 a year for 100K house)
Interest Rate (%)
Loan Term (In Years)

Program from Hugh Chou used with permission.