Compare calculators
Both calculators run independently — change the inputs on either side to compare results.
Home Affordability Calculator (Max Loan)
Estimates the largest mortgage you can afford based on your income, existing debts, a target debt-to-income ratio, and current loan terms. It converts your maximum affordable monthly payment into a loan amount.
Mortgage Payment Calculator
Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits.
Key differences
| Home Affordability Calculator (Max Loan) | Mortgage Payment Calculator | |
|---|---|---|
| Category | Real Estate | Financial |
| Inputs required | 5 | 5 |
| Result | Maximum Loan Amount ($) | Monthly Payment (PITI) ($) |
| What it does | Estimates the largest mortgage you can afford based on your income, existing debts, a target debt-to-income ratio, and current loan terms. It converts your maximum affordable monthly payment into a loan amount. | Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits. |