Mortgage Affordability Calculator

An important step in purchasing an investment property is determining what you can afford. This calculator steps you through the process of figuring out how much you can likely borrow. Simply complete the fields and click on the payment schedule button to see a complete amortization schedule for your mortgage payments.

1. Annual Family Income:

$

2. Annual Property Taxes: (estimate)

$

3. Monthly Heating Costs/Condo Fees: (estimate)

$

4. Minimum Monthly Payments for Loans/Credit Cards:

$

5. Monthly Secondary Financing Payment:

$

6. Interest Rate:

$ %

Compute maximum mortgage & payment

Maximum Mortgage Monthly Payment