Buying Power | Calculate Home

Secure lower interest rates, increasing your buying power.

Standard for many first-time buyer conventional loans. calculate home buying power

Check what a $1,950 principal/interest payment buys at current rates. At a 6.5% interest rate, $1,950 supports a loan of approximately . Step 5: Add Your Down Payment Add your saved cash to the loan amount. Secure lower interest rates, increasing your buying power

Set aside 2%–5% of the home price for fees; don't use this money for the down payment. Secure lower interest rates