

Home Affordability Calculator
How Much House Can I Afford?
Homeownership is a big financial responsibility, and your current financial situation will influence the size of your mortgage. Many factors, such as your credit score, interest rates, closing costs, income and debts, influence the size of your loan.
Buying a house requires a budget. Your loan amount and down payment will determine how much of a home you can afford, but a lender must first determine how much risk they’re willing to take on. Your home affordability depends on many factors, such as your income, debt-to-income (DTI) ratio, credit score and interest rates at the time.
Knowing your mortgage loan amount can help you determine how much you can afford to pay for a house. You can use our mortgage payment calculator to help you determine how much your mortgage will cost you based on the purchase price, loan terms, interest rate and down payment, but before you determine your monthly payments, you must figure out how much home you can afford in the first place.
How We Can Help You Afford a Home in California
Finding the right home loan for you can help reduce your mortgage costs over the life of the loan. Unfortunately, many first-time home buyers don’t realize how many options they have. We can help you purchase your new home by ensuring you find the right loan for your needs.
Wondering if you’re ready to purchase a home? Take advantage of our financial counseling services to help you determine a home-buying budget and find the right mortgage for you and your family.
California Credit Union cannot and does not guarantee the accuracy or the applicability to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Calculator results are estimates based on information you provided and California Credit Union does not guarantee your ability to receive these terms. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.