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How Much Can I Afford?

 
   
 

Before you can search for a home, you'll want to figure out how much home you can afford. Getting approval for a certain loan amount is one thing, but figuring out how much you can comfortably afford to pay each month on a mortgage is just as important.

Amount borrowed $
Interest rate %
Months to pay
Monthly payment $
Total interest paid $

Extra principal $
Months to pay
Total interest paid $

Extra principal is an extra payment amount each month to speed payback.
That extra amount will then reduce the total "Months to pay."

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