Renter Affordability

Mortgage Affordability Calculator for Renters

This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and on the anticipated property taxes and homeowner’s insurance.

This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.

Enter your monthly rent payment
Enter the anticipated mortgage interest rate
Enter the term of the mortgage (years)
Enter the anticipated annual property taxes
Enter the anticipated annual insurance
  • 0% Downpayment
    Mortgage you could afford:
    Down payment:
    Price of home:
  • 5% Downpayment
    Mortgage you could afford:
    Down payment:
    Price of home:
  • 10% Downpayment
    Mortgage you could afford:
    Down payment:
    Price of home: