How Much Can I Afford?

Decide How Much You Can AFFORD?

Once you know how much you have for a down payment amount, know your credit scores, and have a budget, you can get a realistic estimate of the home price range that you can afford.

Explore Mortgage Interest Rates

The interest rate you receive is an important factor in determining the home price and monthly mortgage payment you can afford. It’s important to know the range of Utah mortgage rates, and the impact rates have on your home price.

How Much Can You Afford for a Monthly Principal and Interest Payment

The loan amount you can afford depends on how much you can afford to pay each month.

Determine Your Down Payment

Subtract your closing costs estimate from your available funds for closing to determine your maximum down payment.

Calculate Your Loan Amount

You can use our "How Much Can I Afford Calculator" to determine your loan amount.

Estimate Your Home Price

Add your down payment to your estimated loan amount to get the home price that will be able to afford.

Your Home Price Estimate is Just that, an Estimate

Your estimated home price is a good starting place for deciding how much you can afford. Remember, you made some assumptions with these estimates and they are not perfect.

The Amount of Your Down Payment Affects How Much You Can Afford

If your down payment is less than 20% of your estimated home price, you may need to pay mortgage insurance. You may need to reduce the home price to include mortgage insurance.

The Price You Can Afford Depends on Several Factors

Change any of these factors, and the amount you may qualify for will change: