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Mortgage Affordability Calculator

Estimate an affordable home price before comparing down payment, PMI, and refinance math.

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Calculate mortgage affordability

Affordability uses debt-to-income, taxes, insurance, HOA, rate, term, and down payment.

Comparison

Affordability vs preapproval

Preapproval can show what a lender may allow. Affordability should also consider cash reserves, existing debt, maintenance, and whether the payment blocks savings goals.

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Estimate the full payment when a smaller down payment triggers PMI.

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Isolate the monthly PMI cost and LTV ratio after choosing a down payment.

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Check whether the estimated payment leaves enough cash for emergencies.