Find Out How Much You Can Afford in Your Next Home

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 price of a home (or the amount you expect to mortgage) in the "Mortgage Amount" field, the interest rate you expect to pay and term, then click on the "Calculate Payment" 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, the interest rate you expect to pay and term, then click on the "Calculate Mortgage" button beside the "Mortgage Amount" field to determine the price of home (or size of mortgage) you can afford.