How Much House Can I Afford?

Try our Home Affordability Calculator and get an idea of how much house you can buy with 3% down payment. As a general rule of thumb your payments will change about $50 per month for every $10,000 you increase the purchase price.

Please contact us or call/text us at 847-721-4865 to get current interest rates and monthly mortgage insurance quotes. We can help you calculate what price range based on your current income and credit situation and down payment scenarios. Just fill out pre-approval application and we will let you know exactly how much home you can afford. After you know your price range we can refer you to a local Realtor to assist you with your home search. Complete the Perfect Home Finder Form to receive exclusive lists of homes for sale in your area and set up showing see the homes you are interested in.

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Paramount Residential Mortgage Group Inc. does not guarantee the accuracy of any information available on this site, and is not responsible for any errors, omissions, or misrepresentations. This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Paramount Residential Mortgage Group Inc. does not guarantee any of the information obtained by this calculator.”