The affordability calculator helps you determine the maximum sale price, loan amount and monthly Principal and Interest payment you may be able to afford based on your monthly income, debts and the available down payment. Simply enter the figures below based on your personal situation. Once you've entered all the information, click the COMPUTE button and your results will be displayed.

Mortgage Affordability Calculator
Gross Monthly Income
Monthly Debt
Funds Available
Interest Rate
Loan Term In Years
Results
Max. Sale Price
Max. Loan Amount
Max. Monthly Payment
Note: A representative factor of 2.5% has been added for tax and insurance purposes, and the actual rate will differ from state to state. Contact your American Homestead Mortgage Company Consultant for exact calculations and details

If you'd like to see how changes in the amount of your down payment, or a different term or rate affects the amount you can afford, simply click Reset Field Calculations, re-enter all the new information and click COMPUTE again.

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Discrepancies between these results and those received from other lending institutions may be due to rounding or differences in mathematical formulas used for calculations. Contact your American Homestead Mortgage Company Consultant for exact calculations and details.