How much house can I afford?

Find out how much house you can afford by using our affordability calculator.

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Important information about using this calculator

This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement. Information is based on terms that you provide and we may not offer loan programs on those terms. The rates and estimated APRs disclosed may change before loan approval or may not be available at the time we make a loan commitment to you as an applicant, or at closing, based on market conditions. Applicants must meet additional underwriting standards, including income and employment history, assets, and other requirements. We may change our loan rate structure and the assumptions on which our rates are based from time to time without notice.

Your Information

Tell Us About Your Income

Household Annual Income The total income of the individuals in your household who will contribute to mortgage payments. close $
Monthly Expenditures Help me calculate
Monthly Expenditures
1. Monthly Credit Card Payments $
2. Monthly Auto Payments $
3. Monthly Loan Payments (Student or Personal) $
4. Other Monthly Obligations (Electric, Phone, etc.) $
5. Total $0
6. Complete Cancel
$

Tell Us About Your Loan

Loan Product For Adjustable Rate products, the rate is fixed for the number of years indicated for the product selected (3, 5, 7 or 10). close
Annual Interest Rate The simple interest rate represents the annual cost of borrowing funds. The annual interest rate is not to be confused with the annual percentage rate (APR). The APR includes interest as well as the upfront fees and points you pay for a loan, as well as mortgage insurance (if any). close %
Available Cash for Down Payment $
Other Annual Homeownership Expenses Other annual homeownership expenses may include annual real estate taxes, homeowner's insurance, homeowner's association or condo fees, and maintenance. close Help me calculate
Other Homeownership Expenses
1. Annual Property Taxes $
2. Annual Homeowner's Insurance Premium $
3. Annual Maintenance Cost $
4. Total $0
5. Complete Cancel
$
Calculate Reset

Your Results

Home Value You Can Afford	$0
Maximum Loan Size:	$0
Estimated Monthly Mortgage Payment:	$0

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Now that you have your results, our dedicated
mortgage bankers are ready to help with the next steps.

Now that you've established how much home you can afford, take the first step toward owning one!

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What do these results mean for me?

Based on your income, expenses, and the loan you selected, the amount above represents the most you can comfortably afford to pay for a home. This assumes that your total costs for your loan payments (principal and interest), taxes, and insurance should not be higher than 45% of your monthly income. Also, remember that you'll have additional homeownership costs that you may need to factor into your monthly budget, including insurance, association fees, and maintenance expenses. Mortgage insurance expenses—which you may have to pay if your downpayment is less than 20%—are not included in this calculation. We suggest that all buyers get pre-qualified prior to starting their new home search.

Call our helpful mortgage bankers at 1-888-866-1212 to start the conversation about how to get pre-qualified for a loan so that you can start looking for your new home.

You selected an adjustable rate mortgage or ARM. Based on your income, expenses, and the loan you selected, the amount above represents the most you can comfortably afford to pay for a home*. This assumes that your total costs for your loan payments (principal and interest), taxes, and insurance should not be higher than 45%. Also, remember that you'll have additional homeownership costs that you may need to factor into your monthly budget, including insurance, association fees, and maintenance expenses. Mortgage insurance expenses—which you may have to pay if your downpayment is less than 20%—are not included in this calculation. We suggest that for all buyers to get pre-qualified prior to starting their new home search.

Call our helpful mortgage bankers at 1-888-866-1212 to start the conversation about how to get pre-qualified for a loan so that you can start looking for your new home.

* The information above is based on the interest rate during the fixed rate period of the ARM you selected. For example, for a 5/1 ARM, the fixed rate period is 5 years, or 60 months. After the fixed rate period, your payment may change based on the change in the index used to calculate your interest rate.

What's next?

Once you know how much you can afford, you should obtain a pre-approval letter from a qualified lender. This will let sellers know that you are financially qualified to obtain the financing you need to close the transaction.

We're happy to help you obtain a letter of pre-approval for absolutely no cost and no obligation. Just fill out a few pieces of information and one of our mortgage bankers will help take you one step closer to your dream home!

Learn more about the pre-approval process

Get Pre-Approved

Helpful Resources on Affording a Home

Get helpful information and learn more about what it takes to buy a home.

How Much House Can I Afford

Learn the different factors that determine how much mortgage you can afford.
How Much Should My Down Payment Be?

Learn your different down payment options.

Steps to Buying a House

One of the early steps to buying a house is determining how much home you can afford. Learn more about the home buying process here.
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Get today�s mortgage rates to help you understand how much mortgage you can afford.

Learn More About Affording a Home

How much house can I afford?

Your Information

Tell Us About Your Income

Monthly Expenditures

Tell Us About Your Loan

Other Homeownership Expenses

Your Results

What do these results mean for me?

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Helpful Resources on Affording a Home

How Much House Can I Afford

How Much Should My Down Payment Be?

Steps to Buying a House

Mortgage Rates Today