Home Loan Calculator

Our free, online financial calculator is perfect for helping would-be home owners accurately determine "how much house" they can afford, based on several important factors. Enter your information in the boxes below. Please do not include commas or dollar signs. When you click "Calculate," the amount you need to save each year will appear below.

Help with terms used on the calculator.

*Note: This calculator uses the common banking figure of 28% when calculating how much of your income can be spent on housing. This figure may be higher or lower depending on the amount of debt you are carrying, the area of the country you are buying housing in, and other factors. The monthly payment is principal and interest only and does not reflect amounts to be paid into escrow, such as taxes or insurance. An LTV greater than 80% may result in a requirement to obtain mortgage insurance which could increase the payment and APR. If you have any questions, please contact us.

Home Loan Calculator Help

Before Tax Income
What is the total of all your income before taxes? In this calculator you may use either your monthly income or your annual income. (Any number less than 10000 would be considered a monthly income figure.)
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Down Payment
What is the amount of the down payment you will make?
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Mortgage Rate
What is the interest rate the bank will charge you for your loan? You do not have to include the % sign.
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Number of Years
What is the length of the mortgage loan you are considering?
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