What home price can I afford?

Find out what’s affordable for you and see what we could prequalify you for – an important first step when you’re ready to shop for a home.

  • Explore home prices and monthly payments.

  • Understand why what you can afford may differ from your prequalified amount.

  • Know your next best steps based on the numbers.

Understanding Home Affordability

There’s more to it than a home price and mortgage payment.
Affordability Vs. Prequalification
Our calculator estimates what you can afford and what you could get prequalified for. Why? Affordability tells you how ready your budget is to be a homeowner. What you could get prequalified for helps you understand how ready you are to start shopping for a home.
A Home Price You Can Live With
For the home price you select, you’ll see your remaining budget. Of course it should cover basic necessities. It should also fit your life. Does it leave enough left over for savings goals, unexpected expenses (so you can avoid debt) and the things you like to do?
Uncovering Costs
Calculator results include costs you might not have thought of. For example, closing costs can be 2 – 5% of a home’s price. Taxes and insurance also add to your mortgage payment. Understanding these numbers helps give you a more realistic idea of what’s affordable.

Frequently Asked Questions

You can also get help from a Home Loan Expert.
(888) 452-8179