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Offering RI loans, MA loans, CT loans, and HARP loans. USDA, FHA, FNMA, FHLMC, VA and Commercial financing
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  Affordability Calculator

Standard Calculator / Affordability Calculator / Amortization Calculator

Use the calculator below to give you an idea of how much of a mortgage you can afford. However, it is meant to be a guideline, not a rule. We have many programs available that can maximize the amount of a home you can afford.
Desired mortgage amount:
Mortgage length (in years)
Interest %
Annual property tax
Total monthly payments not including mortgage (car, loans, credit cards, etc).

Monthly Principal + Interest
Total Monthly Obligations
Required Salary
Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.
  1. Your gross (before taxes) monthly salary should be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. Your gross (before taxes) monthly salary should be greater than 36% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
Loan Calculators are tools designed to help you. However, we can help you know exactly what you qualify for.