Mortgage Calculator: How Much Can I Borrow?

Determining how much mortgage I can afford

When buying a home, the question, “How much can I borrow?” should be the second question you ask. The most important consideration is, “How much house can I afford?” That’s because even with all the angst involved in applying for and being approved for a home loan, lenders are often inclined to loan you more money than you expect.

That’s a surprising — and important — reality.

As much as you want to buy a home, lenders (likely) want to loan you money. And the bigger the loan, the happier they are. You’ll know why when you see the estimate of the interest you’ll pay over the life of the loan. It’s a really big number. But if you know how much home you can afford, of course, you’ll want to learn how much you can borrow.

To know more: https://www.nerdwallet.com/article/mortgages/how-much-can-i-borrow-calculator?trk=nw_gn_6.0