Mortgage Calculator: How Much Can I Afford to Borrow?

Your down payment, credit score, and income affect how much you can borrow.

Before you start looking at homes, it’s a good idea to determine how much house you can afford. This calculator estimates your borrowing capacity based on your existing income and debt. Keep in mind that the amount you can be approved for might be more than you can comfortably afford to pay off over time. With careful planning and consideration—and the guidance of BBVA—you can find the mortgage that’s right for you.

Estimate your mortgage borrowing capacity, then call us to get the mortgage process started.


Calculate How Large of a Mortgage You Qualify For

Your down payment, credit score, and income affect how large of a mortgage you can borrow.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended as a solicitation for any credit product or to provide credit advice. Calculators and input options are intended solely for general information and educational purposes. Calculations are hypothetical, and based on information and assumptions provided by you. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. You should not take any action on the basis of the information provided through this calculator. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

How to use this calculator

Determining how much mortgage you can afford depends on your monthly income and payments, as well as the specific terms of your mortgage loan.

Monthly income:

To calculate your monthly income, consider your wages before taxes and deductions, investment income before taxes, income from rental properties, and other income.

Monthly payments:

Provide the average monthly payment for debts you owe. This may include auto loans, student loans, credit cards, alimony and child support, rental property loans, and other payments. For “other payments,” you may want to consider cable, phone bills, and the average monthly cost of groceries, gas, entertainment, etc. to get an accurate picture of your monthly spending habits. The more information you provide, the more accurate your estimate.

Loan info:

Adjust your term and down payment to see how much your monthly payments change. Your interest rate will be determined by your mortgage broker.

To find property taxes, check MLS listings online, or contact your county’s assessor/recorder’s office or a local real estate agent. Calculate homeowner’s insurance, or contact an insurance agent for a quote.