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What size mortgage can a renter afford to borrow?


 
Monthly Rent Payment ($)
Expected Mortgage Rate (% per annum)
Mortgage Period (Years)
Expected Annual Property Tax ($)
Expected Annual Home Insurance ($)
 

   


Below is how much mortgage you can afford based on your monthly rent payment, down payment and home purchase price.


Down payment (%) 0 % 5 % 10 %
Mortgage you could afford
Down Payment Amount
Total Price of home

 

 

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy or applicability of the information obtained while using these calculators regarding your financial situation. Please consult your own financial advisor.
 
 

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