Home Affordability Calculator

This home affordability calculator will help you determine how much of a mortgage loan you can afford to take out in the 3 repayment periods (15 years, 20 years or 30 years). It asks you for the monthly payment you can afford and its applicable interest rate. Below is a typical input/output derived from the calculator:

refinance calculator

Monthly Payment $2000
Interest Rate (APR) 5%
Repayment Period 15 years

Sample Output

Loan amount you can afford: $252,910.49