Mortgage Calculator

Calculate Your Maximum Allowable Monthly Payment & Home Purchase Price

Lenders typically allow the lesser of these two calculations as your Maximum Monthly Expense:
a) 28% of your monthly gross income, or
b) 36% of your monthly gross income less any long term obligations.

Go to How Much Home Do I Qualify For? for more details.

You should also consult with a lender who is an ECAR Affiliate member to discuss your particular situation. Also, the calculator contains sample amounts for monthly long term obligations. Please be sure to change them to amounts that reflect your particular situation.