Affordability Calculator

Use this calculator to get a general idea of how much mortgage you can afford. Please note that we have many programs that will help you maximize your income and savings and get the home of your dreams.

Desired mortgage amount:

Mortgage length (in years)

Interest %

Annual property tax

Total monthly payments not including
mortgage (car, loans, credit cards, etc).

Summary

Monthly Principal + Interest

Total Monthly Obligations

Borrower Income

Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.

Your gross (before taxes) monthly salary should be greater than 45% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.

Loan Calculators are tools designed to help you. However, we can help you know exactly what you qualify for.

As a general rule, your total monthly obligations (mortgage payment, real estate taxes, and all other monthly obligations) should not exceed 45% of your gross (before taxes) monthly income. Some borrowers may be more comfortable with a mortgage payment lower than the amound presented here, while others may have financial resources enabling them to support a higher loan amount.

Frank Preciado Loan Officer

Frank Preciado

Sr. Loan Officer & Branch Manager
NMLS# 391474
562.686.5664
Email Me
Apply Now!

I would recommend Frank because he was very patient, did not mind repeating info and followed up immediately to facilitate the closing. He explained each line of the loan and compared it line by line with a competitor's offer.

William A. | Goodyear, AZ

Frank has done 4 refi's for me...couldn't be easier or happier with his services...Stays on top of every step and communicates thoroughly thruout the process..Highly recommend him and his company

Randy E. | Phoenix, AZ

Frank helped me purchase my first home and made the experience very easy. He was very attentive, explained the complicated parts, and always ensured that I was up to date on the process. I would highly recommend him.

Jeff C. | Tucson, AZ

Frank is professional, smart and knowledgeable. We researched 2 others and Frank got us the very best rate! Frank was flexible with our busy family schedules. He was quick to respond to all of the questions that we had. Working with Frank was easy & stress-free as he explained the details of each step. He helped us to re-finance and save money! Great experience! Call him!

River A. | Chandler, AZ

Frank was excellent! This was my first home loan, I was really nervous and just hoped it would go well and it did from start to finish. No matter the question, Frank found me an answer and it was always fast. I could call him anytime and he would answer. I am very pleased with how smoothly everything went. I would recommend Frank to anyone!

Jason S. | Marana, AZ

Price Mortgage, LLC is a licensed Mortgage Broker in the state of AZ. NMLS 1429043. Arizona - MB - 0934484. California - DBO - 60DBO85836. Colorado - 1429043. Florida - MBR4652. North Carolina - B-200956. Oregon - ML - 5706. Texas - 1429043. Virginia - MC-7349. Washington - MB-1429043. This is not a commitment to lend. All loans subject to credit approval. Guidelines subject to change without prior notice. This information is provided to assist business professionals only and is not an advertisement extended to the consumer as defined by Section 226.2 Regulation Z.-EOE. Equal Housing Lender. 690 E Warner Rd, Ste. 103, Gilbert, AZ 85296. Main: (480) 428-5220. Powered By Loan Officer X.

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Equal Housing Lender