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Affordability Calculator

Get a realistic price range before you start touring homes. The estimate uses the debt-to-income limits most lenders apply and includes taxes, insurance and mortgage insurance in the monthly payment.

Before taxes; include all borrowers.

/ mo

Car loans, student loans, credit-card minimums, child support. Not rent or utilities.

%
% of price / yr

Effective rates in Luzerne County commonly run 1.5–2%. The listing or county assessment will show the actual tax bill.

/ yr
% of income

Share of gross monthly income that can go to the house payment. Lenders commonly use 28%.

% of income

House payment plus other debts. Conventional guidance is 36%; some programs allow more.

% of loan / yr

Applied when the down payment is under 20% of the price.

Home price you can afford—
Loan amount—
Estimated monthly payment—
Monthly housing budget—
Limiting factor—

Talk to an agent about real numbers

Estimates only, based on the figures above and general assumptions. Not a loan offer, appraisal or pre-approval. See our disclaimers.