How much house can I afford?

r = Interest rate [% p.a.] ÷ 1200; n = round(Term in years × 12); Affordable monthly payment × (1 − (1 + r)^(−n)) ÷ r + Down payment. The model uses equal monthly payments and a nominal annual rate divided by twelve. At zero interest, principal is shared evenly. Fees, insurance and later rate changes are excluded.

The model uses equal monthly payments and a nominal annual rate divided by twelve. At zero interest, principal is shared evenly. Fees, insurance and later rate changes are excluded. The formula uses the specified units. Displayed numbers are rounded; whole packs, item counts and full time periods may also be rounded within the calculation.

The formula uses the specified units. Displayed numbers are rounded; whole packs, item counts and full time periods may also be rounded within the calculation. Prices, measurements and model assumptions determine how well the result represents your situation.

Yes. Calculations and PDF export work without an account or registration.

Calculations run in your browser. Results are saved locally only when you add them to My results; favourites and history are also local. Shared links contain your values. The currency tool requests the selected currencies from its rate provider without sending your amount.