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Renter Calculator
This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and on the anticipated property taxes and homeowner's insurance.
As a renter, how much can I borrow?
Monthly Income
Salary/Wages
$
Other Income
$
Monthly Housing Expenses
Property Taxes
$
Hazard Insurance
$
Other Monthly Expenses
Auto Payment
$
Credit Cards and Other Payments
$
Loan Term and Interest Rate
Loan Term
Years
Interest Rate
%
Results
You may qualify for a maximum monthly mortgage payment (P+I) of:
$
You may qualify for a maximum loan amount of:
$