This page will calculate your approximate monthly mortgage payment based on the purchase price and loan details.

This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.

This page will calculate the most expensive house you can afford based on your income and other factors.

This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.

Note: 28% is the standard percentage of pre-tax income to spend on housing.

Paying a little extra each month will reduce the time it takes to pay off your home loan, and will increase the rate at which you accumulate principal.

Use this calculator to see the difference it can make!

We assume you have a fixed-rate mortgage.