Homebuyer Tools & Resources

Mortgage Calculator

About You

Let’s work together to ensure you get approved for a mortgage loan. Credit scores under 620 can lead to mortgage denial, higher rates, and more fees.

With the help of certified homeownership advisors, you’ll get a proven plan to boost your credit score and positioned for approval.

Plus, a higher score equals more lender options and down payment programs to choose from. Connect with a HUD-approved agency near you.

Mortgage Info

Credit scores under 620 may not qualify for mortgage insurance, so a down payment of at least 20% may be required.

Results

Max Affordable Home Price

$267,000

Monthy Payment

$2,318

Includes $107 in Private Mortgage Insurance, $333 in property taxes, and $231 in Homeowners Insurance.

Down Payment

$17,632

You are putting down 6.65% of the purchase price.

Closing Costs

$12,368

Estimated cash you will need at the time of closing, completely separate from your down payment.

Housing debt to income ratio

27.82%

We recommend staying below 30% for your housing debt.

Total debt to income ratio

39.82%

We recommend staying below 40% for your total monthly debt payments.

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