This calculator is made available to you as an educational tool only and calculations are based on borrower-input information. This is not an advertisement for the above terms, interest rates, or payment amounts. PCU does not guarantee the applicability of the above terms in regards to your individual circumstances.
Calculations do not take into account certain loan-specific costs, including but not limited to mortgage insurance, variable mortgage insurance premiums, funding fees, HOA fees, etc.
There are many factors to consider when figuring out how much home you can afford. Our home affordability calculator considers the following four common factors to estimate the mortgage you might afford:
- Housing expense to income ratio
- Total debt to income ratio (DTI)
- Available funds (for closing costs and down payment)
- Housing expenses (property tax, homeowners insurance)
Some of the factors not considered in this calculator include your other savings goals, income stability, the housing market, and more.