Financial Calculators

How Much Can You Afford? | Mortgage Pre-Qualification Calculator

How Much Home Can You Afford?

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Mortgage Pre-Qualification Calculator

Monthly Income	Salary & Wages	Other Income
Monthly Housing Expenses	Property Taxes	Hazard Insurance
Other Monthly Expenses	Auto Payment	Credit Cards & Other Payments
Loan Term and Interest Rate	Years In Loan Term	Interest Rate

You may qualify for maximum monthly mortgage payment (P+I) of:
You may qualify for a maximum loan amount of:


Purchase & Financing Information
Sale Price of Home:	(In Dollars)
Percentage Down:	%
Length of Mortgage:	years
Annual Interest Rate:	%
Explain Calculations:	Show me the calculations and amortization