Housing Link · Affordability

Home Affordability Calculator

Plug in your numbers — see your monthly savings and what it's like getting off the price.

1
Your home
Just the price and how much you're putting down.
$
3% 5% 10% 15% 20%
$80,000 down · $320,000 loan
2
The rates
Today's rate and the rate the buy down gets you to.
%
%
This calculator assumes a permanent rate buy-down.
3
The cost of the buy down and who's paying for it
The cost of the buy down, and whether the seller is covering it.
$
Seller is covering the cost Interested party credit (ITP)
$
%
$

Tax and insurance are used for total monthly payment only. They don't affect the buy-down math.

Monthly Savings
—
less per month with the bought-down rate
Annual Savings
—
estimated payment savings per year
Reduced Yearly Income Need By
—
less annual income needed to qualify
Interest Saved
—
estimated over the life of the loan
It Feels Like Buying It At
—
Because the payment is lower, this home feels like you're buying it at — (when normal market interest rates are applied).
Shopping for a Deal?
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The payment impact is like getting — off the sticker price.

Your lower payment creates two choices

Keep the savings each month, or use the lower payment to increase your pre-approval price.

Option 1: Keep the monthly savings

Use the lower payment to free up room in your monthly budget.

Monthly Savings
—
That is extra room in the monthly budget for groceries.

Option 2: Increase your pre-approval price

If you're approved around —, the lower payment could help move your pre-approval up by about —. That puts homes near — back in range.

Buying Power Bump
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New Shopping Range
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For Demonstration Purposes Only

This calculator is for demonstration only. Sit down with a licensed loan originator to review your scenario. This is not an agreement to lend. Actual loan terms depend on lender, credit qualifications, and program guidelines. Qualifying income reduction assumes a 45% back-end DTI ratio. Estimated PMI assumes excellent credit, a conventional fixed-rate loan, primary residence, and simplified monthly borrower-paid MI factors by LTV; actual MI pricing varies by lender, insurer, loan program, credit profile, and property type.