Home & Mortgage

Before you start looking for your next home, it's important to determine exactly how much home you can afford. Mortgage lenders look beyond your income and factor in insurance, taxes, inspections, to your personal financial situation.

When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use this calculator to determine how much of a mortgage you may be able to obtain.

Income and Debt Obligations
Current combined annual income $
Monthly child support payments $
Monthly auto payments $
Monthly credit card payments $
Monthly association fees
Other monthly obligations $
New Loan Assumptions
Annual interest rate on new mortgage: (%)
Term of new mortgage: (years)	15 20 30 40
Funds available for a down payment
Estimated annual property taxes
Estimated annual homeowner's insurance
Front-end ratio: (%)	28 33 36
Back-end ratio: (%)	36 40 45