First-Time Homebuyer
5 calculators in this journey
From figuring out what you can afford to paying off your mortgage faster — walk through every homebuying step.
Step-by-Step Guide
How much can I afford?
Determine how much house you can afford based on your income, debt, and down payment. Most lenders use the 28/36 rule to qualify borrowers.
Open CalculatorSave for a down payment
Calculate how much you may want to save for a down payment and how long it will take to reach your goal.
Open CalculatorEstimate monthly payment
Estimate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI).
Open CalculatorEstimate home insurance
Get estimates for homeowners insurance costs based on home value and location.
Open CalculatorPay off faster
See how making extra payments can help you pay off your mortgage faster and save on interest.
Open CalculatorReady to Start?
Complete all 5 steps of this journey and we'll track your progress. Start with the first calculator and we'll guide you through the rest.
Begin First-Time HomebuyerFrequently Asked Questions
How much house can I afford?
Use our mortgage affordability calculator to determine your budget based on your income, debt, and down payment. Most lenders use the 28/36 rule: your housing costs should be no more than 28% of gross income.
How much should I save for a down payment?
While 20% is the traditional goal, many first-time homebuyers put down 3-10%. Our down payment calculator shows how different percentages affect your monthly payment and overall costs.
What are closing costs?
Closing costs typically range from 2-5% of the home price. They cover appraisal, inspection, title search, and other fees. Use our calculator to estimate these one-time expenses.
How can I pay off my mortgage faster?
Making extra payments toward principal can save years of payments and thousands in interest. Our extra mortgage payment calculator shows the impact of different payment amounts.
What is PMI and how much will it cost?
Private Mortgage Insurance (PMI) is required if you put down less than 20%. Our home insurance estimator helps you understand total housing costs including PMI.
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