Mortgage Payment Calculator
What will your monthly mortgage payment be?In the market for a new home? Find out how much you’re likely to shell out each month for a new address.
How Much Home Can I Afford?
To arrive at an “affordable” home price, we followed the guidelines of most lenders. We’ve allowed a total debt-to-income ratio of no more than 36%. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33% for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.
