Mortgage Affordability Calculator

Use our Mortgage Affordability Calculator to help you determine the financing for a mortgage that you potentially qualify for.

These calculations are based on standard guidelines that lenders use to determine loan amounts that borrowers are eligible to receive. The factors used to determine how much money may be financed include income, total mortgage payments, and total debt payments.

The Mortgage Affordability Calculator will display the results along with an optional payment schedule if you choose to do so.


Your Income and Mortgage Information:
Your Gross Income:			Per Month Per Year
Term of Mortgage:			Months Years
Interest Rate of Mortgage:			Percent per year
		Lookup our current mortgage rates.

Other Mortgage Expenses:
	Real Estate Taxes:		Per Month Per Year
	Home Insurance:		Per Month Per Year
	Homeowners, Condo, Co-op or Ground Rent Fees:		Per Month Per Year

Monthly Consumer Debt Expenses:
	Total Installment Loan Payments: (car, personal, student loans, etc.)		Per Month
	Total Revolving Loan Payments: (credit cards, store charges, credit lines, etc.)		Per Month
	Total Other Monthly Debt Payments: (child support, alimony)		Per Month
	Please do not include household expenses, such as water, gas, electric, cable, telephone, insurance, etc.

Payment Amortization Schedule: (show the dollar amounts apportioned to principal and interest)		Yes	No

Note: The Mortgage Calculator is intended to provide approximate information about loan payments and does not constitute an offer to extend credit. Actual payment information may vary.

The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

First Financial Federal Credit Union of Maryland is an equal housing lender. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act.

Mortgage Affordability Calculator

Your Income and Mortgage Information:

Other Mortgage Expenses:

Monthly Consumer Debt Expenses: