Use this tool to estimate how much mortgage you might afford:
- Annual Income: Enter your yearly earnings.
- Monthly Debts: Include all your monthly payments (e.g., car loans, credit cards) except the mortgage.
- Down Payment: Input how much you plan to pay upfront.
- Interest Rate: The expected mortgage rate in percentage.
- Loan Term: How many years you’ll take to pay off the loan.
After filling in these details, click “Calculate” to see an approximate mortgage amount you can afford. Remember, this is a basic estimate; consult with a financial advisor for precise advice.