Calculate how much can you afford for a house with this home Affordability Calculator. Enter your monthly income, monthly debt, along with your assumptions to see an estimate of how much you can potentially afford for your new home.

Estimate a Mortgage Interest Rate 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 Choose a Mortgage Term 30 Years 15 Years Estimate a Down Payment 5% 10% 20% Gross Monthly Income Monthly income before taxes. No pennies. Rs. Monthly Debt Payments Credit cards, auto loans, etc. But not utilites, food, etc. Rs.

Affordable Amounts Rs. -0- Principal, interest, taxes & insurance. Rs. -0- Principal & interest, ONLY. Rs. -0- Maximum mortgage amount. Rs. -0- Maximum purchase price.

Disclaimer The above calculations are based upon formulas that are commonly used by lenders for conventional mortgage loans. The formulas used for government guaranteed mortgage loans, (FHA, VA) are different, and allow more buyers to qualify. This worksheet is only a guide. Contact a mortgage lender or real estate agent for a thorough analysis of your specific situation.