8 Best Free Online Home Loan Affordability Calculator Websites

Here is a list of best free online home loan affordability calculator websites. Home loan affordability refers to the home loan amount that home buyers can easily pay back in a certain tenure. While looking for a new home, homebuyers need to estimate their loan affordability amount as it prevents them from excessive financial burdens due to home loan payments that they cannot sustain. If you also want to calculate home loan affordability, check out these online home loan affordability calculator websites.

Using these websites, users can estimate the right home loan amount that they can repay without straining their current and future financials. To do this calculation, these calculators consider multiple financial parameters like Annual Household Income, Monthly Debt, Taxes, Loan Tenure, Down Payment, Debt to Income Ratio, etc. After the calculation, users can view the affordable home loan amount in US dollars. Users also get a monthly EMI payment amount that they can sustain. However, users can also adjust the EMI repayment amount by affecting the original home loan affordability amount. Some calculators break down financials into percentages and show them in the form of one or more Pie charts. To help novice users, I have included the necessary calculation steps in the description of each website.

These websites carry some related tools like Mortgage Calculators, Home Value Estimators, FD Calculators, Amortization Calculators, and more. Go through the list to learn more about these websites.

My Favorite Online Home Loan Affordability Calculator Website:

zillow.com is my favorite website as it considers all essential financial parameters to accurately estimate an optimum affordable home loan amount.

You can also check out lists of best free Online Piggyback Loan Calculator, Online Student Loan Repayment Calculator, and Online Reducing Interest Rate Calculator websites.

Comparison Table:

Features/Website Names	Suggests monthly EMI amount	Considers all essential financial parameters for home loan affordability	Breakdown home loan affordability parameters
zillow.com	✓	✓	✓
toolbox.coderstea.in	✓	✓	✓
usbank.com	✓	x	x
calculator.net	✓	✓	✓
nerdwallet.com	✓	x	x
wellsfargo.com	✓	x	x
bankofamerica.com	✓	x	x
chase.com	✓	✓	x

zillow.com

zillow.com is a free online home loan affordability calculator. This website helps users estimate the cost of the home that they can afford based on their annual income, monthly debts, down payments, debt-to-income percentage, home loan interest rate, and loan term in months. The advanced options of this website can also include some advanced parameters (primary mortgage insurance, property tax, home insurance, HOA dues, etc.) in the home loan affordability calculation.

After the calculation, it shows the price of the home that you can afford in US dollars. It also generates pie charts highlighting monthly budget and payment breakdowns. It even generates a table highlighting the monthly interest amount, principal amount, and principal remaining amount. Now, follow the below steps.

How to perform home loan affordability calculations online using zillow.com:

• Go to this website and access the Affordability Calculator.
• Now, enter annual income, monthly debts, down payment, debt to income, interest rate, taxes, etc.
• Next, view the amount of a house that you can afford.
• Finally, click on the Full Report button to view detailed affordability parameters along with multiple charts and graphs.

Additional Features:

• This website has multiple online tools such as Amortization Calculator, Debt-to-income Calculator, Mortgage Calculator, Refinance Calculator, and more.

Final Thoughts:

It is one of the best free online home loan affordability calculator websites that helps users estimate the amount of home loan they can afford based on their finances, taxes, and debts.

toolbox.coderstea.in

toolbox.coderstea.in is a free online home loan affordability calculator website. It helps users gather important financial insights needed to make the right home-buying decisions. To calculate home loan affordability, it considers multiple inputs like monthly salary, home price, available cash, government fees, one-time charges, home loan interest rate, loan tenure, and monthly home-related expenses. After performing the calculation, it shows the down payment amount, final home price, loan disbursed by the bank, total cash needed, remaining cash at hand, EMI amount, EMI % of salary, remaining monthly salary after EMI, etc. Based on the obtained values, users can make the right home purchasing decisions. Now, follow the below steps.

How to calculate home loan affordability online using toolbox.coderstea.in:

• Visit this website and access the home loan affordability calculator.
• After that, choose Lakh or Thousand as the number separator.
• Now, enter in hand salary, total cash available, down payment percentage, document and fees, interest rate, etc., parameters.
• Next, view the calculated home loan affordability parameters like home price, final home price, loan disbursed by bank, total cash needed, EMI, remaining monthly salary after EMI, etc.

Additional Features:

• This website has some handy tools like FD Calculator, Base 64 Encoder and Decoder, URL Encoder, URL Decoder, etc.

Final Thoughts:

It is a good online home loan affordability calculator that calculates all the important parameters needed to assess home loan affordability.

usbank.com

usbank.com is another free online home loan affordability calculator website. This website offers a simple home loan affordability calculator that uses annual income, current monthly debt, down payment, state name, property tax, insurance, loan term, and interest value parameters to suggest the right home loan amount that you can afford. It also suggests stretched and aggressive home prices that users can consider. Now, follow the below steps.

How to perform home loan affordability calculation online using usbank.com:

• Visit this website using the given link.
• After that, enter all personal info, taxes, and fees data.
• Next, click on the Update button to view the affordable home loan price along with the stretched and aggressive home loan prices.

Additional Features:

• This website offers multiple related tools like today’s mortgage rates, monthly payment calculator, wealth planning tools, insurance tools, and more.

Final Thoughts:

It is another good online home loan affordability calculator that helps users quickly estimate the right home loan amount based on their finances.

calculator.net

calculator.net is a free online home loan affordability calculator website. This website offers two different types of house affordability calculators. The first calculator uses household income and debt values like annual income, mortgage loan term, interest rate, down payment, property tax, etc., to estimate home loan affordability. On the other hand, the second calculator uses fixed and monthly budget parameters (monthly budget for house, mortgage loan term, interest rate, down payment, and taxes) to calculate home loan affordability. After the calculation, it shows a home loan amount that you can afford. A breakdown of all the important home loan parameters is also provided. Now, follow the below steps.

How to perform home loan affordability calculator online using calculator.net:

• Go to this website and access the house affordability section.
• After that, select one of the two available calculators.
• Next, enter all the financial and debt values it requires.
• Finally, click on the Calculate button to start the calculation process.

Additional Features:

• This website has multiple financial calculators such as Amortization, Rent, Refinance, APR, FHA Loan, VA Mortgage, etc.

Final Thoughts:

It is another good online home loan affordability calculator website that offers two separate calculators to calculate home loan affordability.

nerdwallet.com

nerdwallet.com is another free online home loan affordability calculator website. It helps users estimate the home loan amount that they can take based on their finances. This calculator also considers the state in which you live in the U.S. To perform the calculation, it needs five main parameters namely Annual Income, Minimum monthly Debt, Loan Down Payment Amount, Loan Term, and Status (whether you are a veteran or not). After the calculation, it shows the affordable monthly payment in US dollars. Besides this, it also highlights debt to income ratio of various elements like housing rent, debts, savings, etc. It also divides monthly house payments into mortgage payment, property tax, insurance, and HOA fees amount. Now, follow the below steps.

How to perform home loan affordability calculation online using nerdwallet.com:

• Go to this website using the given link.
• After that, enter annual income, minimum monthly debt, loan term, and downpayment amount values.
• Next, view the affordable monthly home loan payment you can afford.

Additional Features:

• This website answers common queries related to home loan affordability calculation.
• A good set of financial services are offered by this website like Credit Score Check, Financial Planning, Insurance Services, Retirement Planning, etc.

Final Thoughts:

It is another capable online home loan affordability calculator website that helps users calculate the affordable monthly home loan payment amount.

wellsfargo.com

wellsfargo.com is another free online home loan affordability calculator website. This website offers a simple home loan affordability calculator that helps users estimate the amount of home loan they can take without ruining their finances. To perform this calculation, it uses seven main parameters such as Annual Income, Monthly Debt, Down Payment amount, City, State, Loan Term, and Interest Rate.

After the calculation, it shows the home price that you can afford along with the debt-to-income ratio. Users can also specify the monthly home loan payment that they can comfortably sustain to view the adjusted home loan price. It also generates a monthly payment breakdown pie chart highlighting the percentage of principal & interest, estimated taxes, mortgage insurance, and homeowner insurance. Now, follow the below steps.

How to perform home loan affordability calculation online using wellsfargo.com:

• Visit this website and go to home loan affordability calculator.
• After that, enter all financial data like annual income, monthly debt, home downpayment amount, interest rate, loan term, etc.
• Now, specify the City and State of the United States.
• Finally, view the calculated affordable home loan amount.

Additional Features:

• This website offers financial services like loans for small businesses, commercial banking services, investing & wealth management services, etc.

Final Thoughts:

It is another good online home loan affordability calculator website that helps users estimate the right home loan amount.

bankofamerica.com

bankofamerica.com is another free online home loan affordability calculator website. This website offers one of the simplest online loan affordability calculators that only uses annual gross household income, monthly debt payments, and property Zip code to estimate the home loan price in US dollars. It also shows an affordable monthly mortgage payment amount. Users can add a downpayment amount to get the new affordable home loan value. Now, check out the below steps.

How to calculate home loan affordability online using bankofamerical.com:

• Open the interface of this website and go to the home affordability calculator.
• Enter annual gross household income, monthly debt payments, and property ZIP code.
• Next, specify the down payment.
• Finally, view the calculated home loan price.

Additional Features:

• This website offers some related tools like estimating home value, closing costs calculator, today’s mortgage rates, etc.

Final Thoughts:

It is another good online home loan affordability calculator that anyone can use to find the best home loan price based on their finances.

chase.com

chase.com is the last free online home loan affordability calculator website. This website considers multiple Loan & Borrower, and Taxes & Insurance parameters to calculate home loan affordability. It also generates the pie chart highlighting the percentage of principal & interest, homeowner insurance, private mortgage insurance, property taxes, and HOA in all expanses. Now, follow the below steps.

How to calculate home loan affordability online using chase.com:

• Visit this website using the given link.
• After that, enter all loan & borrower and taxes & insurance values.
• Next, view the calculated affordable home loan price in dollars.

Additional Features:

• This website has additional calculators such as FHA Calculator, Mortgage Calculator, Home Value Estimator, and more.

Final Thoughts:

It is another good online home loan affordability calculator website that anyone can use with ease.

Frequently Asked Questions