Calculate your mortgage payments, affordability, and total costs with our advanced tool. Plan your home purchase with confidence.
Enter your details and click "Calculate Mortgage" to see your results
Our House Buy Calculator is a powerful, free tool designed to help prospective home buyers understand the financial aspects of purchasing a property. It calculates your estimated monthly mortgage payments, total loan cost, and helps determine how much house you can afford based on your financial situation.
Whether you're a first-time homebuyer or looking to upgrade to a new property, this calculator provides valuable insights to guide your decision-making process and ensure you're financially prepared for homeownership.
Our calculator provides highly accurate estimates based on standard mortgage formulas. However, actual rates and payments may vary based on your credit score, lender policies, and specific loan terms. We recommend consulting with a mortgage professional for precise figures.
PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20% of the home's value. This insurance protects the lender in case you default on the loan. Our calculator automatically includes PMI when your down payment is below 20%.
We use the standard 28/36 rule: your total housing expenses (mortgage, taxes, insurance) should not exceed 28% of your gross monthly income, and your total debt payments (including housing, car loans, credit cards) should not exceed 36% of your gross monthly income.
Yes, our House Buy Calculator is 100% free with no hidden fees or registration required. We believe in providing valuable financial tools to help people make informed home-buying decisions.
While we don't currently offer account-based saving, your inputs are automatically saved in your browser's local storage. This means if you return to the calculator later on the same device, your previous inputs will still be there.