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Monthly Affordability

Enter the amount you want to pay
per month:		 $
Enter the number of months to repay:
10yr=12 months, 15yr=180 months, 30yr=360months		 months
Enter your estimated home lending rate (APR): see rates below %
*
 
Your Mortgage Loan Balance: $
 

Other monthly payment calculators:
(links will open new window)

Fannie Mae® has a more detailed Home Affordability Calculation: click here

Mortgage required income calculation:
http://www.dinkytown.net/java/MortgageIncome.html

Another mortgage qualifier:
http://www.dinkytown.net/java/MortgageQualifier.html

Maximum mortgage calculation:
http://www.dinkytown.net/java/MortgageMax.html

Your loan amount is subject to debt/income ratios that lenders use to approve borrowing amounts (see debt/income ratios)
* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

Home Selling Tools