Renter Mortgage Affordability Calculator

 

This calculator estimates the will estimate the size of a mortgage you could afford based on the size of your monthly rent payment. We also offer a separate affordability calculator based on debt to income & down payment requirements.

This calculator assumes that your property tax, insurance and maintenace expenses will be offset by the appreciation of the value of your home, though these expenses are deducted from your monthly rental payment in order to show you what equivalent mortgage amount and home price would correspond with the same all-in monthly payment as your current rental payment.

Rental Info

Monthly rent payment:
Monthly rental insurance payment:

Mortgage Loan Basics

Mortgage term in years:
Mortgage interest rate (APR %):
Property mortgage insurance (PMI %):
Your downpayment:

Other Homeownership Costs

Annual property taxes:
Annual homeowners insurance:
Monthly HOA:
Down % Downpayment $ Home Price Loan Amount
Custom
20%
10%
5%
3.5%
0%

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