Home Mortgage Loan Affordability Calculator

monthly affordability


Enter the amount you want to pay per month:	$
Enter the number of months to repay: 10yr=120 months, 15yr=180 months, 30yr=360months	months
Enter your mortgage loan rate (APR): Note: your rate may vary depending on credit quality, LTV position and loan amount.	%
Enter the amount of your down payment (excluding the amount needed for closing costs)	$
*
Mortgage Loan Amount to Borrow:	$
Amount of Down Payment:	$
Total Home Purchasing Amount:	$



Other monthly payment calculators: (links will open new window) Fannie Mae® has a more detailed Home Affordability Calculation: click here Mortgage required income calculation: http://www.dinkytown.net/java/MortgageIncome.html Another mortgage qualifier: http://www.dinkytown.net/java/MortgageQualifier.html Maximum mortgage calculation: http://www.dinkytown.net/java/MortgageMax.html Your loan amount is subject to debt/income ratios that lenders use to approve borrowing amounts (see debt/income ratios)

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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