Home Affordability Calculator

Whether you're currently in the market to purchase a new home, or just starting the home buying journey, you're probably wondering "How much house can I afford?" Many factors play into the home-buying process, but knowing what you can comfortably pay per month on a mortgage loan on top of any other monthly expenses is an essential step for all borrowers..

For a clearer understanding of how much house you can afford using your monthly income, use UMCU's Home Affordability Calculator below. To get the most accurate number for your unique situation, please have the following information handy:

• Monthly income and debt expenses
• Loan information such as ideal term length, interest rate, and a down payment estimate
• Lending ratios including loan-to-value ratio, housing ratio, and debt-to-income ratio

Now that you have a number you can feel comfortable with, the home-buying process can truly begin. At UMCU, we offer a wide range of mortgage options to help get you into a new home with flexible terms and competitive rates. Even better, we offer free pre-approval on mortgage loans so you can begin your home search with a realistic idea of what you are able to afford.