Use this calculator to get an estimate of how much home you can afford based on your unique situation.

Income / Mortgage Information
Annual Income:	$
Downpayment Amount:	$
Monthly Debt: (car payments, credit cards, etc.)	$
Interest Rate:	%
Annual Property Taxes:	$
Annual Homeowner Insurance:	$

Results
	Low Estimate	High Estimate
House Price:	$	$
Loan Amount:	$	$
Monthly Mortgage Payment:	$	$
Taxes/Insurance:	$	$
Total Monthly Payment:	$	$

An Affiliate of Wells Fargo Home Mortgage.

To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.

ASSUMPTIONS: We've assumed a 30-year mortgage term, annual property tax of $3,500 and homeowners insurance of $481 -- the national average. And we do not factor in private mortgage insurance, which you'll owe if your downpayment is less than 20 percent of the purchase price. It averages from $50 to $80 per month. Plug in your own numbers for more tailor-made results.

The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by Village Communities or any of the advertisers listed on this site.