Home Affordability Calculator

Calculate the maximum home price you can afford.

Frequently Asked Questions

How do you calculate the home price I can afford?

We utilize the data you enter and the present rates to decide the greatest home value you can manage.

Remember that this mini-computer simply gives a gauge. You can see what you’re really supported for by utilizing Rocket MortgageĀ® or conversing with a Home Loan Expert.

How do I calculate my monthly debt?

To compute your month to month obligation, include all the base obligation installments you’re expected to pay consistently, for example, installments for Visas, vehicle advances, understudy loans and kid support.

How much should I spend on a home?

We utilize the data you enter and the present rates to decide the greatest home value you can manage.

Remember that this mini-computer simply gives a gauge. You can see what you’re really supported for by utilizing Rocket MortgageĀ® or conversing with a Home Loan Expert.

How do I calculate my monthly mortgage payment?

When you know the home value you can manage, utilize our Mortgage Calculator to get a gauge of the amount you could hope to pay month to month founded on the present rates. You can likewise utilize Rocket MortgageĀ® to see what rate and regularly scheduled installment you’re endorsed for.

Why do you need to know the ZIP code?

We utilize the ZIP code to assess duties and insurance payments.

How much do I need for a down payment and closing costs?

Most purchasers need somewhere around 3.5% of the home cost for their up front installment.

You’ll likewise have to pay shutting costs, which can go from 2% to 5% of the advance sum.