This is not your ordinary calculator.
We want to let you know right out of the gate: this is not your ordinary calculator. We’re going to blow your mind. Simply put in the address, offer price, program, and down payment, and we’ll do the rest. Then check your debt-to-income ratio, what you can afford, your down payment savings plan, how fast you can pay it off, and whether a refinance makes sense.
Fine-tune the details (optional)
Estimated monthly payment
Temporary buydown
Your rate stays fixed for the life of the loan. Seller concessions lower your payment for the first 1, 2, or 3 years.
SAME HOME, EVERY PROGRAM
Uses your down payment, or each program’s minimum if higher. VA requires service eligibility, USDA has location and income limits, and Jumbo applies above the conforming loan limit.Estimates only, not a loan offer or commitment to lend. Rates shown are daily national averages of actual locked rates from the Optimal Blue Mortgage Market Indices, retrieved from FRED, Federal Reserve Bank of St. Louis. They are not a rate quote; your actual rate depends on credit, loan amount, points, and market conditions. Taxes and insurance from an address are estimates based on typical rates for that area. Mortgage insurance, program fees, closing costs, and income figures are estimates. The VA funding fee is waived for veterans receiving VA disability compensation. Program availability and loan limits vary by county. Equal Housing Lender.
How much home can I afford?
Based on your income, monthly debts, and cash for a down payment.
You may be able to afford about
Estimate only. Actual qualifying limits depend on credit, reserves, loan program, and underwriting. Taxes and insurance use typical rates for the ZIP code’s state.
Debt-to-income ratio
The number lenders look at most. See where you stand for every loan program.
Housing ratio
Total debt-to-income
Typical guideline limits shown. Housing guides apply mainly to manually underwritten loans. Automated underwriting can approve higher ratios with strong credit, reserves, or residual income, and lower limits can apply. Not a loan approval.
Down payment and savings plan
How much cash you need, and how long until you are ready.
Ready to buy
Estimates only. Closing costs vary by state, lender, and loan. Gift funds, seller credits, and down payment assistance programs may reduce what you need; eligibility rules apply.
Payoff and extra payments
See how small extra payments can cut years and interest off your loan.
Interest saved
Paid off
Year-by-year schedule
Estimates assume a fixed rate and on-time payments. Check that your loan has no prepayment penalty and that extra payments go to principal.
Refinance savings
Compare your current loan with a new one and see when it pays for itself.
Monthly savings
Refinancing your mortgage may increase costs over the term of your loan. Estimates only; taxes and insurance are not included. Not a rate quote.
