Calculators
Payment and affordability, side by side.
Work out a monthly payment for a price you have in mind, or start from your income and see an illustrative price range. Estimates only. Nothing is sent until you choose to apply.
$90,000 down
For a $360,000 loan, about $2,217 a month in principal and interest.
- Principal and interest
- $2,217
- Estimated taxes and insurance
- $500
- Total estimated monthly payment
- $2,717
- Loan amount
- $360,000
Estimates only. Rates and figures are illustrative, not a rate quote, loan offer or commitment to lend.
Carries your price, down payment and term into the application.
Reading your results
Three bands, three kinds of month
The Affordability tab turns your income, debts and savings into three illustrative price ranges. The limits are shares of gross monthly income and can be changed in the planner settings.
Comfortable
Housing up to 28%
Your home payment stays at or under 28% of gross monthly income. This band leaves the most room for saving, repairs and the unexpected.
Stretch
Housing up to 36%
A payment up to 36% of gross monthly income. It can work, though a month with a surprise bill will feel tighter.
Tight
Housing and debts up to 43%
Housing plus your other monthly debts up to 43% of gross monthly income. Little margin is left, so test it with extra care.
What is in the payment
Principal and interest are only part of it
The Payment tab adds the other monthly costs so the total is closer to what leaves your account.
Principal and interest: the loan balance and what the lender charges to lend it.
Property taxes: set locally, and they can change from year to year.
Homeowners insurance: paid monthly through escrow or yearly on your own.
HOA dues: a separate monthly cost in some communities.
