Rent Mortgage Affordability Calculator

mortgage affordability calculator

Some folks go from paying rent of $500 to a mortgage of $2000, then wonder why they are having difficult time with finances. Perhaps the leap they took was way to big. It is not that difficult to figure out, but you do have the figure out your affordablity status before you think about buying a home.

Renter Mortgage Affordability Calculator V2
This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and on the anticipated property taxes and homeowner's insurance.

Enter your monthly rent payment:
Enter the anticipated mortgage interest rate:
Enter the term of the mortgage (years):
Enter the anticipated annual property taxes:
Enter the anticipated annual insurance:
Downpayment % 0% 5% 10%
The size mortgage you could afford:
Down payment amount:
Price of home: