Welcome to our home purchase calculator! Are you wondering how much you can afford to spend on your dream home? Simply enter your desired down payment amount, interest rate, and loan term, and we’ll calculate your potential home purchase price. With this handy tool, you can get a better understanding of your budget and make an informed decision when it comes to buying a home. Start calculating your potential home purchase price now!
There are several benefits to using a home purchase calculator:
It helps you determine your budget:
By entering your desired down payment, interest rate, and loan term, you can get a better idea of how much you can afford to spend on a home.
It can save you time:
Instead of spending hours manually calculating potential mortgage payments, a home purchase calculator does the work for you in just a few seconds.
It can help you make informed decisions:
By seeing the potential purchase price and monthly mortgage payments, you can decide if a particular property is within your budget and if it makes financial sense to pursue.
It can give you a sense of confidence:
By understanding your budget and potential mortgage payments, you can feel more confident when it comes to making a home purchase decision.
Who Uses This Calculator?
Home purchase calculators are typically used by people who are considering buying a home and want to get a better understanding of their budget and potential mortgage payments. This can include first-time homebuyers, existing homeowners looking to upgrade or downsize, and real estate investors. Essentially, anyone who is considering buying a home and wants to know how much they can afford to spend can benefit from using a home purchase calculator.
Use our calculator to provide a guide to your potential purchase price based on your income and deposit
The figure given could be more than this but could be much less and is for guidance only. It does not take into account monthly payments on loans, credit cards and other credit payments that will continue after the mortgage starts. It also does not account for certain other committed expenditure items or relevant deductions that are shown on payslips It is important to speak to a mortgage broker/adviser for an accurate calculation depending on your individual circumstances
Use our online calculator to work out how much your monthly payments would be.