How Much House Can I Afford

Desired Mortgage for New Home

Mortgage Length

Interest

Annual Tax

Total Monthly Payments in Non-Mortgage Debt

(i.e. car, student loans, credit cards, etc)

Results

Monthly Principal + Interest

Total Housing Payment

(tax & insurance included)

Required Salary

Your salary must meet the following two conditions:

Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.