The mortgage
suite.
Four honest calculators in one place. Everything updates as you drag, and nothing is saved or sent anywhere.
Monthly payment
Home price
Deposit
Interest rate
Extra monthly payment
Loan term
Estimated monthly payment
Loan balance over time
What can I afford?
Annual household income
Monthly debt payments
Cash for deposit
Interest rate
You could afford up to
Rent or buy?
Home price
Comparable rent
Deposit
Rate
How long will you stay?
Price growth / yr
Rent growth / yr
Cumulative net cost
Buying includes closing costs (2.2%), property tax, insurance and 1% maintenance, net of equity after 6% selling costs. Renting assumes your deposit is invested at 4%.
How much rent can I afford?
Gross monthly income
Monthly debt payments
The 30% rule. Most landlords and financial planners suggest keeping rent to about 30% of gross income, and 25% if you'd like more breathing room.
Recommended upper rent