How much can I afford?

You can potentially afford a home up to

$352,865

That would be a monthly mortgage payment of $1,637!

Your annual income

Current Monthly Debt This is the total of all the recurring monthly expenses (car payments, credit card payment, student loan payments etc.) that you pay each month.

YRS

Length of Loan

Loan Interest Rate DID YOU KNOW? Interest rates vary between the different types of loans.

Downpayment DID YOU KNOW? You are required to pay private mortgage insurance (PMI) if you pay less than 20% cost as a downpayment.

Property Tax

SELECT TOWN

DID YOU KNOW? Property tax is different for every town. use the button above to get the previous year's tax rate for where the property is located.

Annual Homeowner Insurance DID YOU KNOW? Homeowners insurance varies depending on various factors such as age and size of the home or value.

Once you've discovered your borrowing power above, you can then use this budget calculator to see how a mortgage payment might fit into your monthly budget.

Calculate your monthly budget

your current monthly housing cost:

$1,292

Current Monthly Rent/Mortgage

Annual Property Taxes (if applicable)

Annual Homeowner/Renter Insurance

Monthly Utilities

your potential monthly housing cost:

$708

All values calculated based on information entered above:

Mortgage Payment $1,250

Monthly Property Taxes $4,000

Monthly Homeowner Insurance $1,000

Utilities $200 Monthly utilities' cost will vary depending on many factors. The amount shown is for estimation purposes only.

that's a potential monthly difference of

Have you considered how you will cover this difference in monthly cost? List the sources of income or reduced expenses. Were you able to cover the difference?

Enter a town below to use its property tax rate.

NOTE: the information provided here is for the previous year, and may differ from current tax rates. This information is used for estimation purposes only.

Town Name

The property tax rate for this town is

Use This Property Tax Rate

DISCLAIMER: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.