What Can I Afford?

Understanding whether you can afford to buy a home depends on much more than just the selling price. Unless you’ve come into a large inheritance or won some money, chances are good that you’ll need to get a loan to pay for your home.

Your monthly mortgage payment will depend on your home price, down payment, loan term, property taxes, homeowners insurance, and interest rate on the loan (which is highly dependent on your credit score). Use the caculator to get a sense of what your monthly mortgage payment could end up being.