How Much House Can I Afford?
Use our Mortgage Affordability Calculator to determine how much house you can afford based on your take-home pay and monthly mortgage payment affordability.
Mortgage
A loan used to purchase a home, where the property serves as collateral. Mortgages are typically paid in monthly installments over a set term.

There’s a home for everyone.
See if you’re eligible for down payment assistance on your first home.
First-Time Homebuyer Guide
The process of saving for and buying your first home can seem intimidating. Dive into these resources for a crash course on homebuying.
Are You Ready for Home Ownership? Understanding Your Debt-to-Income Ratio
Lenders consider your debt-to-income (DTI) ratio when you apply for a mortgage loan to help them determine how much you’ll be qualified to borrow.
From Equity to Opportunity: Exploring HELOCs
Turn your home’s equity into a powerful financial tool – our guide to HELOCs shows you how to unlock opportunities for home improvements, debt consolidation, and more.
How Does a Home Equity Loan Work?
A home equity loan is a lump-sum installment loan guaranteed by the equity in your home.

Home Lending Frequently Asked Questions
A monthly mortgage payment typically includes the principal, interest, property taxes, and homeowners insurance (often abbreviated as PITI).
Higher credit scores generally lead to better interest rates and loan terms. FHA loans require a minimum score of 580 or 500 with a larger down payment. Conventional loans typically require a score of 620 or higher.
Down payments vary but are often between 3% and 20% of the home's price, depending on the loan type and lender requirements.
HELOCs can be used for home improvements, debt consolidation, education expenses, or other significant financial needs.
It usually takes 30 to 60 days, depending on factors like loan type, paperwork completion, and market conditions.
Refinancing can lower your interest rate, reduce monthly payments, shorten your loan term, or provide funds through cash-out refinancing.
FinLit Quiz

How much house can I afford?
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