How Much House Can I Afford?

Use my affordability calculator to quickly determine the maximum home purchase price you can qualify for.

First enter the data on the left. The calculator will determine your maximum purchase price based on your income, monthly payments and down payment.

It will also tell you the factor that limits your maximum purchase price. You can change the data on the left to change the outcome of the maximum purchase price.

This calculator is an estimate but should be very close. For an exact calculation, please contact me at the numbers below.


Sale price


Down payment*

($5,000) %
Minimum 5% down required. For loans with less than 5% down, please contact Mike Shore.*

Interest Rate


Loan Term

Your Payment:
$663.35 per month

Here is how your monthly mortgage payment is calculated on a 30 year loan at 4.5%:

The amount of your loan is $95,000 with your $5,000 down payment.

Your principal and interest is $481.35 per month.

Your estimated homeowner's insurance is $40 per month.

Your estimated property taxes are $92 per month.

The Private Mortgage Insurance (PMI) cost for this loan is $50 per month because of your 5% down payment.

Have questions? Give me a call at (208) 232-7711 ext 120 or email me today!


*Zero-down mortgages may be available for some buyers. Please call Mike Shore at 208-221-5855 (mobile) or 208-232-7711 ext 120 (office) for more information.

Information provided by the calculator is an estimate based on the information that you provide. Information provided is not guaranteed and all loan products may not be available for your specific situation. If you have any questions, please give Mike Shore a call at 208-221-5855 (mobile) or 208-232-7711 ext 120 (office).