Mortgage Calculator

This calculator will help you to determine how much house you can afford and/or qualify for.

Complete or change the entry fields in the "Input" column of all three sections. The calculator will automatically recalculate anytime you press the Tab key after making a change to an input field.

Here are a few tips: 

1. Down payments vary by loan program. An FHA loan is usually around 3.5% - 5%, VA Loans can be as low as zero down and conventioinal hover between 5% - 20%. 

2. Mortgage lengths run at 15 years, 20 years, & 30 years. 

3. Principal & Interest (P&I) is just that, the loan amount plus interest. 

4. Property Taxes varies by municipality but ranges between ~.75% and 1.2% a year in the Triangle Region of North Carolina. 

5. There are two ratios under the qualifying information and they are set pretty low. The first ratio or (front end ratio) is usually 25%-30% but the second ratio (back end ratio) is normally as high as 45% - 50%. We recommend you set it high as it will drastically change what you can afford. 

Hope this all helps. We look forward to working with you! 

Purchase Information

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Qualifying Information

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Longer term loans may take a few moments for the report to be generated.