You can use any mortgage calculator.
For me, I use the below.
How much I repay monthly
Fill in each item as I describe
Home value – Enter the house price.
Down payment – Enter the amount of the down payment.
Loan amount – Automatically calculated.
Interest rate – Enter the interest rate of the day from my website.
Loan term – Typically 30 years.
Start date – Leave it as default.
Property tax – Enter the one-year tax amount of the house you are purchasing. Ask your real estate agent.
PMI – If your down payment is 20% or more of the house price, enter 0. If less than 20%, enter 1 (PMI typically ranges between 0.5% and 1.5% of the loan amount. PMI is Private Mortgage Insurance that the borrower must pay when the down payment is less than 20%).
Home ins – Enter the amount of one-year insurance of the house.
Monthly HOA – Enter monthly maintenance fees for the condominium or 0 for the house. Or, for more accurate results, enter your all debt amounts including auto loans, student loans… etc.
Loan Type – There are four Loan types, Conventional, FHA, VA, and USDA. Generally Conventional.
When all the items are filled in, click calculate.
If you calculate this in reverse, you can see how much I need to earn. You can view the result by clickinghere.
I hope everyone here can get their dream home.