Mortgage Calculators

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Step 2

Apply For A Loan

Step 3

Determine The Right Loan Program for you

Step 4

Begin Loan Processing

Step 5

Close Your Loan

Mortgage Calculator - Rent vs Buy & Affordability

🏠 Mortgage Calculator

Compare renting vs buying and discover your home affordability

📊 Rent vs Buy Comparison

Home Price

Down Payment (%)

Interest Rate (%)

Loan Term (years)

Your Current/Expected Monthly Rent

🗺️ Compare Local Rental Market

Property Tax (annual)

Home Insurance (annual)

💰 Monthly Cost Comparison

🏠 Buying Costs

Monthly Payment: $0

Property Tax: $0

Insurance: $0

Total Monthly: $0

🏢 Renting Costs

Monthly Rent: $0

💡 Additional Considerations:

• Down payment required: $0
• Building equity vs. no equity in renting
• Maintenance costs not included
• Tax benefits of homeownership

💵 Affordability Calculator

Annual Income

Monthly Debt Payments

Down Payment Available

Interest Rate (%)

Loan Term (years)

🎯 What You Can Afford

🏠 Maximum Home Price

$0

Based on 28% debt-to-income ratio

📊 Monthly Budget Breakdown

Gross Monthly Income: $0

Max Housing Payment: $0

Current Debt Payments: $0

Available for Mortgage: $0

⚠️ Important Notes:

• This uses the 28% front-end ratio rule
• Includes principal, interest, taxes, insurance
• Consider emergency fund and closing costs
• Get pre-approved for accurate limits

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