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How Much Home Can You Afford?
Based on your income and debts, we calculate your safe home price range using lender guidelines.
Annual gross income $120K
Monthly debts (car, student loans) $500
Down payment $60K
Interest rate % 6.8%
Loan term (years) 30 yr
Property tax + insurance %/yr 1.5%
Debt-to-income ratio (DTI)
0%20%36%43%50%+
Affordable home price range
Conservative (28% DTI) · Comfortable (36% DTI) · Maximum (43% DTI)
Monthly costs
Payment Breakdown
See exactly where every dollar of your monthly payment goes — principal, interest, taxes, insurance, and PMI.
Home price $400K
Down payment $80K
Interest rate % 6.8%
Loan term (years) 30 yr
Property tax %/yr 1.1%
Homeowner's insurance $/yr $1,500
Monthly payment composition
Principal · Interest · Tax · Insurance · PMI
Principal vs. interest over loan life
Annual breakdown — see how your equity builds faster over time
PrincipalInterest
Side by side
Loan Type Comparison
Compare 15-year vs. 30-year vs. ARM. See the true total cost and paydown speed of each option.
Loan amount $320K
30-yr fixed rate % 6.8%
15-yr fixed rate % 6.1%
Total cost comparison
Total paid — principal + all interest over full loan life
PrincipalInterest paid
Remaining balance over time
How quickly each loan pays down — equity builds faster on shorter terms
30-yr15-yr7/1 ARM
Pay it off faster
Extra Payment Calculator
Even small extra payments can save tens of thousands in interest and shave years off your mortgage.
Loan amount $320K
Interest rate % 6.8%
Loan term (years) 30 yr
Extra monthly payment $200
Balance payoff comparison
Standard payments vs. with extra monthly contribution
StandardWith extra payments
Full schedule
Amortization Schedule
Every payment, every month — see exactly how much goes to principal and interest at any point in your loan.
Loan amount $320K
Interest rate % 6.8%
Loan term (years) 30 yr
Start year 2026
Equity built over time
Remaining balance vs. equity accumulated year by year
BalanceEquity
Year-by-year schedule
Annual summary — first payment breakdown for each year
| Year | Payment # | Monthly pmt | Principal | Interest | Cumul. interest | Balance left |
|---|