Renter Affordability Calculator
Compute a loan amount and monthly payment you can afford based on your current rent.
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Results
You can afford a house up to {{house_value | format_money}}
{{loan_amount | format_money}} is the loan amount
{{house_down_payment | format_money}} is the down payment
You can afford a house up to {{house_value | format_money}}
{{loan_amount | format_money}} is the loan amount
{{house_down_payment | format_money}} is the down payment ({{house_down_payment_percent | format_percent}})
*This is only an estimate. Interest rate ranges quoted on {{new Date()}} based on a 740 credit score, actual results may vary depending on your qualifying criteria. Taxes and insurance are based on current market rates and are subject to change. Mortgage Insurance may apply on products with less than 20% down payment and mortgage insurance rates vary based on program, credit score, Loan-to-Value, Debt-to-Income ratio and down payment among other risk-based pricing factors. Please see your loan officer regarding other fees that may apply in your final payment.
This letter is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Programs available to qualified borrowers and rates, terms and conditions are subject to change at any time without notice. All products are subject to credit, income and property approval. Other underwriting terms, conditions and some restrictions may apply. Mortgage license status may be checked at www.nmlsconsumeraccess.org.
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