Norwood Builders -Chicagoland Builder

How Much Home Can I Afford?


Enter the values below, and we'll tell you.
Annual Interest Rate %
Term of the Loan years
Purchase Price $
How much can you put down? $
Most lenders require a minimum cash down payment of 3% to 5% of the home purchase price
Annual Real Estate Taxes $
Annual Homeowners Insurance $
Assessments:
lawn care, shoveling snow, etc.
 $
Assessments are applicable for condominiums and some townhomes. If you're unsure, we recommend $50 for condos and townhomes. We recommend you leave it blank if the property is a single-family home.
Monthly Debt Obligations $
Add up all monthly installment loan payments (i.e. car, boat, student, furniture), Minimum Monthly Payments on Credit Cards, Monthly Legal Obligations (i.e. child support, alimony, court judgements)
Liquid Assets $
Mortgage Calculators

Payment Calculator
Rent vs. Buy Calculator
Affordability Calculator