This calculator can help you understand how much house you might be able to afford. All you need to enter is the amount you can swing for housing costs each month; you don’t need to know anything about interest rates, points or tax codes.
Unlike other calculators out there, we include mortgage insurance in our calculations for more realistic results.
The simple rule of thumb is to spend less than three times your gross income on a home.
Don’t start shopping for a home without doing this first.
Should you buy a starter home or one that might accommodate your changing needs for years to come? Check in with one couple 40 years after they made the big purchase.