Income Based Mortgage Calculator

First Time Home Buyers The FHA Loan is the type of mortgage most commonly used by first time home buyers and there’s plenty of good reasons why.

Mortgage Affordability Calculator . When browsing real estate listings for a new home, the first step is to figure out how much mortgage you can afford. Affordability is based on the household income of the applicants purchasing the house, the personal monthly expenses of those applicants (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes.