Mortgage Affordability Calculator

Mortgage Affordability Calculator

Mortgage Affordability Calculator

How to Use:

  1. Enter your first salary in the “Salary 1” field.
  2. If you have a second income (partner/spouse), enter it in “Salary 2” (optional).
  3. Input the amount of your down payment.
  4. Select the loan term (15, 20, 25, or 30 years).
  5. Enter the mortgage interest rate (e.g., 5.5 for 5.5%).
  6. Click the “Calculate Mortgage” button to see your estimated monthly payment.

If you want to consider an alternative type of mortgage read this article about Should You Pay Off Your Mortgage Early