Purchase Budget Calculator

How to calculate your purchase budget

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The calculus behind mortgage payments is complicated, but TourDay's Mortgage Calculator makes this math problem quick and easy.

First, next to the space labeled "Home price," enter the price  or the current value of your home.

Debt and Income

If you’re using a mortgage calculator to decide how much you can afford to spend on a home, you are underestimating how much you’ll have to pay each month. 

Down Payment

 A down payment is the cash you pay upfront for a home, and home equity is the value of the home, minus what you owe. You can enter either a dollar amount or the percentage of the purchase price you’re putting down.