Affordability

See how much home fits your budget, and how a loan pays down over time. It runs in your browser: nothing you type is sent anywhere or saved.

Your numbers

The starting numbers are examples. Replace them with your own.

Household income per year (before taxes)

Other monthly debt payments

Car, student loan and credit card minimums. Do not include rent.

Down payment you have saved

Interest rate

Loan term

15 yr 20 yr 30 yr

Property tax per year

% of price

Homeowners insurance

$/yr

HOA or condo dues

$/mo

More options

Housing cost limit

% of income

Total debt limit

% of income

Lenders often look at about 28% and 36%. Yours may differ.

Mortgage insurance

% of loan

Added when the down payment is under 20%.

Extra payment per month

Toward principal. See it on the schedule.

Check a specific home price

Year	Principal	Interest	Balance

These are estimates for general information. This is not a loan offer, pre-approval or financial advice, and CoverHome is not a lender. Lenders use their own rules, and your actual rate, taxes, insurance and approval may differ. Check the numbers with a lender you choose.