How Much House Can You Afford?
Use this handy mortgage calculator to discover how much house you can afford before you start your search. This tool will let you discover what your monthly mortgage payments will be based on the down payment you make, interest rate, number of years and the total amount borrowed. Play with the numbers till the monthly payment looks good to you.
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.