Get a Full View of Your Home Budget

Affordability Calculator

Find your estimate max home price

$40k$120,000$400k
$0$500/mo$5k
3%10%40%
580740820
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$
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Max Home Price
At 45% total DTI
Loan Amount
Loan-to-Value (LTV)
PMI may apply if > 80%
Housing Payment (PITI + PMI + HOA)
See payment breakdown
  • Est. P&I:
  • Est. PMI:
  • Taxes:
  • Home Ins.:
  • HOA:

*Estimates are for educational purposes only and not a commitment to lend. NMLS #2411923.

How it works

Step 1

Enter Your Income & Expenses
Share information about your monthly income, current debts, and other financial obligations. This helps us understand your unique financial situation and match you with the right mortgage options.

Step 2

Add Your Down Payment & Loan Term

Enter the amount you plan to put down and select your preferred loan term. This allows us to tailor your mortgage options and estimate your monthly payments accurately.

Step 1

See Your Affordability Range

Using the information you’ve entered, our calculator estimates a home price range that aligns with your budget, helping you plan confidently for your next home purchase.

How to increase your mortgage affordability

Increasing your mortgage affordability involves enhancing your financial health; paying off debts and increasing your income are key strategies.

Curb Your Spending

Curbing your spending can free up more of your income for mortgage payments, improving your mortgage affordability and enhancing your attractiveness to lenders.

Lower Priced Home

Opting for a lower-priced home can significantly reduce your mortgage requirements, making it easier to secure a mortgage and manage repayments.

Reduce Open Accounts

Reducing the number of open credit accounts can lower your debt-to-income ratio, improving your credit profile and increasing your mortgage affordability.

Longer Amortization

Choosing a longer amortization period can lower your monthly payments, resulting in a more affordable mortgage.

Financial information

Your overall financial health plays a pivotal role in determining your mortgage affordability. This includes your income, savings, credit score, and existing debts. Your income and savings are key factors in how much you can afford for monthly mortgage payments and down payment respectively.

Monthly expenses

When determining mortgage affordability, it's crucial to account for all monthly expenses, not just the projected mortgage payment. These expenses include property taxes, homeowner's insurance, homeowner association fees, utilities, and maintenance costs.

The AZM Affordability Calculator is a powerful tool that analyzes your financial data to estimate the mortgage you can afford

It simplifies the home-buying process, providing insights to make informed decisions and improve your mortgage eligibility.

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