How much house can I afford?

Enter your gross income, monthly debts, down payment, and interest rate. The mortgage calculator uses the 28%/36% debt-to-income rule to find your maximum home price.

What is an amortization schedule?

An amortization schedule shows every monthly payment broken down into principal and interest, plus the remaining loan balance after each payment.

How does a down payment affect my mortgage payment?

A larger down payment reduces the loan amount, lowering monthly payments and total interest paid. A 20% down payment also avoids private mortgage insurance (PMI).

What is a good mortgage interest rate?

Mortgage rates vary by market conditions, credit score, and loan type. As of 2025, conventional 30-year mortgage rates range from 6–7.5% for most borrowers.

Mortgage & Loan Calculator - Calculate Payments & Affordability

Annual Gross Income

Monthly Debt Payments

Down Payment

Interest Rate (%)

Loan Term

Annual Property Tax ($)

Maximum Home Price You Can Afford

Monthly Payment (PITI)

Total Interest Paid

Debt-to-Income Ratio

Loan Amount

Annual Interest Rate (%)

Loan Term

Extra Monthly Payment (optional)

Monthly Payment

Total Interest

Total Cost

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Payoff Date

Amortization Schedule

Month	Payment	Principal	Interest	Balance

How to Use This Calculator

Mortgage Affordability: Enter your income, existing debts, and down payment to find the maximum home price you can comfortably afford based on a 28%/36% DTI guideline. The monthly payment shown includes principal, interest, taxes, and insurance (PITI).

Loan Calculator: Enter any loan amount, rate, and term to get your exact monthly payment and a full amortization schedule. Add extra monthly payments to see how much interest you save and how early you pay off the loan.

Results are estimates for informational purposes. Consult a mortgage professional before making financial decisions.