Use this mortgage calculator to figure out what kind of house you can afford. There are two ways to use this calculator:
1. Enter the amount of a mortgage in the "Mortgage Amount" field and click on the "Calculate" button beside the "Monthly Payments" field to determine the monthly payments for the home.
2. Enter the amount of monthly payment you want to pay in the "Monthly Payments" field and click on the "Calculate" button beside the "Mortgage Amount" field to determine the mortgage you can afford.
Mortgage insurance will be added when the down payment is less than 20%.
This calculator does not replace professional financial advice. All results are for demonstration purposes only. Your mortgage lender may use a different calculation method.