Affordability (28% Rule)

Annual Household Income

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Recommended monthly housing payment: 0.00

Your estimated monthly payment: 0.00

Enter annual income to get an affordability signal.

15 vs 30 Year Mortgage Comparison

15-Year

Monthly: 0.00

Total Interest: 0.00

30-Year

Monthly: 0.00

Total Interest: 0.00

Interest difference: 0.00

Insights

Mortgage Visual Breakdown

Principal vs Interest

Remaining Balance

Amortization Schedule

Show full amortization schedule

Total Payments 0.00

Total Interest 0.00

Payoff Date -

Month	Payment	Principal	Interest	Remaining Balance

Mortgage Planning FAQ

Does this include property tax and insurance?

Yes, annual property tax and insurance are converted to monthly escrow and added to your total monthly payment.

Can I compare with a standard loan?

Yes, use the Loan Calculator to compare non-mortgage repayment scenarios.

How is affordability calculated?

It uses a simple 28% rule: recommended monthly housing payment is 28% of gross monthly income.

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Loan Tool FAQ

How should I compare calculator outputs?

Compare monthly payment, total interest, and payoff speed together.

Can this tool help with planning extra payments?

Yes. Test baseline and accelerated scenarios to estimate savings.