How much house can I afford?

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UNDERSTAND YOUR BUYING POWER

Estimate Your Payments

Use this mortgage calculator to estimate the monthly cost of your new home, including the principal and interest, property taxes, home insurance and PMI associated with your mortgage payment.

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.

Property Tax

Enter your property tax here if you know it.

per year

Home Insurance

Most lenders require home insurance. Enter its price here.

per year

PMI

PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.

Calculate

Your total monthly payment

Principal & Interest

Home insurance

Property taxes

PMI

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(919) 740-9965
kate.kenney@compass.com

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COMPASS

3800 Glenwood Ave Suite 150
Raleigh, NC 27612
(919) 726-6548

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is a real estate agentteam affiliated with , a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Some or all of the listings may not belong to the firm whose website is being visited. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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