You could afford a house worth
Debt to income ratio
Monthly Housing Budget
How Much House Can You Afford?
Our home affordability calculator provides valuable insights when it comes time to start the search for your dream house!
Our calculator breaks down different costs based on the numbers you input. All of this information helps set you up for success, so be sure to pay close attention to the results. The biggest mistake homeowners make, especially first-time buyers, is choosing a home that is outside of their budget.
Feel free to play around with different numbers. You’ll be amazed at how just a few changes in a percentage can impact your monthly installments!
Shop Around For Lenders
Once you’ve determined how much house you can afford, you can shop around for lenders. Don’t take the first offer that comes along, as you have nothing to compare it to. It’s better to secure a variety, even just three or four, so you can compare them all and get a better feel for the market.
Knowing how much house you can afford is vital before delving into the mortgage process. If you've determined that now isn't the right time for you to buy, check back in with our calculator as your financial situation changes!