Affordable Mortgage Calculator
Calculate your monthly payments and find housing options tailored for low-income households
Enter Your Details
Payment Summary
Estimated Monthly Payment
$1,073
This home is affordable for you
Your payment is within recommended guidelines
Payment Breakdown
Principal & Interest
$1,073
Property Tax
$208
Home Insurance
$83
PMI
$0
Key Metrics
Loan Amount
$190,000
Down Payment %
5%
Debt-to-Income Ratio
32%
Housing Expense Ratio
28%
Total Interest Paid
$196,000
Calculate Your Mortgage
Enter your details and click "Calculate Affordability" to see your results
Low-Income Assistance Programs
FHA Loans
Low down payment (3.5%) options for borrowers with credit scores as low as 580.
VA Loans
No down payment required for eligible veterans and service members.
USDA Loans
0% down payment for rural homebuyers meeting income requirements.
Down Payment Assistance
State and local programs that provide grants or low-interest loans for down payments.