How much can I borrow?

The maximum mortgage calculator will allow you to input your monthly obligations and your monthly income in order to calculate the maximum monthly mortgage payment (and mortgage amount) that you can afford, based on your current financial situation. This calculator will also help to determine how different interest rates can have an affect on how much of a mortgage you can afford.

Looking for more personalized rates? Compare rate quotes from lenders and brokers, then return to our Maximum Mortgage.

Monthly Income Salary/Wages Other Income Monthly Housing Expenses Property Taxes Hazard Insurance Other Monthly Expenses Auto Payment Credit Cards and Other Payments Loan Term and Interest Rate Loan Term Years Interest Rate %         Results You may qualify for a maximum monthly mortgage payment (P+I) of You may qualify for a maximum loan amount of DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.

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The question asked most often when buyers start the home buying process is "How much of a mortgage can I afford?" How much of a mortgage you can afford will directly relate to the house price ranges that you can consider when purchasing a home. The answer to this question is not scientific, but there are guidelines that borrowers can go by in order to figure out what mortgage amount they can qualify for. The two main factors that are taken into consideration to determine how much of a mortgage payment you can handle are your monthly income and your monthly obligations (debt).