Affordability Calculator

Affordability Calculator

Use this mortgage calculator application to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget. Income, debts owed, and down payment amount are big factors when it comes to calculating your affordability, but there are other factors to be aware of. The interest rate you get could make a big difference in how much home you can afford. A lower interest rate could significantly lower your monthly mortgage payment. Your debts owed and spending habits also make an impact on your affordability.

 
Mortgage Qualification Calculator V1.1
This calculator will help you to determine how much house you can afford and/or qualify for.
Gross annual income:
Monthly debt payments:
Down payment:
Annual interest rate:
Monthly Private Mortgage Insurance (PMI %):
Monthly insurance:
Monthly property tax:
Length of the mortgage:

 

 
 

Free Consultation

Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution.

Free Newsletter Signup

Need More information

Call Us: (972) 723-2611

Email Us: info@mamsw.com

We Proudly Support

Mentor's Care is a mentoring program that encourages action, hope, and a future, using volunteer mentors from our community to reach "at risk" youth in our schools.

 

Licensing Info:

NMLS # 317299

RMLO # 222329

 "CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
 THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."