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🏠 Home Buying Calculator Hub

Everything you need to plan your home purchase. From figuring out what you can afford to calculating closing costs, we've got you covered.

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Mortgage Calculator

Calculate your monthly payment, total interest, and see how different rates and terms affect your costs.

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Affordability Calculator

Find out how much house you can afford based on your income, debts, and down payment.

Check Affordability →
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Down Payment Calculator

Plan your savings goal and see how different down payment amounts affect your loan.

Plan Down Payment →
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Closing Cost Calculator

Estimate the fees you'll pay at closing, typically 2-5% of your home's purchase price.

Estimate Costs →
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Rent vs Buy Calculator

Compare the long-term costs of renting versus buying to make the right decision.

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Loan Calculator

General loan calculator for personal loans, auto loans, or any other borrowing needs.

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📚 The Home Buying Process

Follow these steps to navigate your home purchase with confidence.

1️⃣

Check Your Credit

Get your credit score. 740+ gets you the best rates. Fix any errors before applying.

2️⃣

Determine Your Budget

Use our affordability calculator. Keep housing costs under 28% of gross income.

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Save for Down Payment

Aim for 20% to avoid PMI. Factor in 2-5% more for closing costs.

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Get Pre-Approved

Shop multiple lenders. Pre-approval shows sellers you're serious.

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Find Your Home

Work with a real estate agent. Don't skip the home inspection!

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Make an Offer

Your agent will help negotiate. Be prepared for counteroffers.

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Lock Your Rate

Once offer is accepted, lock your mortgage rate (usually 30-60 days).

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Close the Deal

Final walkthrough, sign papers, get your keys. You're a homeowner!

💡 Quick Facts for Home Buyers

The 28/36 Rule

Lenders typically want your mortgage payment under 28% of gross income, and total debt under 36%. This ensures you can comfortably afford your home.

Down Payment Options

  • Conventional: 3-20% down
  • FHA: 3.5% minimum
  • VA: 0% for veterans
  • USDA: 0% in rural areas

Hidden Costs to Budget

  • Property taxes (varies by location)
  • Homeowners insurance ($1,000-3,000/yr)
  • HOA fees (if applicable)
  • Maintenance (1% of home value/yr)
  • Utilities (often higher than renting)

Closing Cost Breakdown

  • Loan origination: 0.5-1%
  • Appraisal: $300-600
  • Title insurance: $500-2,000
  • Attorney fees: $500-1,500
  • Prepaid taxes/insurance: varies

📖 Key Terms to Know

Pre-Qualification vs Pre-Approval
Pre-qualification is a quick estimate. Pre-approval involves credit check and income verification—much stronger for offers.
Earnest Money
A deposit (1-3% of price) showing you're serious. Applied to your down payment at closing.
Contingencies
Conditions that must be met for the sale to proceed (inspection, financing, appraisal).
Escrow
A neutral third party holds funds during the transaction. Also refers to your tax/insurance account.
PMI
Private Mortgage Insurance—required with less than 20% down. Costs 0.5-1% of loan annually.
Title Insurance
Protects against ownership disputes. Required by lenders, optional for buyers.
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Ready to Start?

Begin with our mortgage calculator to see your estimated monthly payment.

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