Calculate the home price you can pay and the mortgage schedule you will need based on the payment, down payment, taxes and insurance you can afford. This calculator should give you a rough idea of your house price range based on the monthly payment you can afford for a mortgage.

Income-Based Repayment (IBR) is a repayment plan available to federal student loan borrowers. It’s based on the idea that how much you pay each month should be based on your ability to pay, not how much you owe. When applying for IBR, the government looks at your income, family size, and state of residence to calculate your monthly payments.

Calculator Results. The following table shows the calculation methods for figuring out the highest payment you could qualify for based on credit rating.

The larger your down payment, the more house you can afford on your salary. For example, if a lender is willing to finance a loan amount up to \$140,000 based on your salary, and you have \$60,000 as a down payment, you can buy a \$200,000 house. However, if you only have \$10,000 for a down payment, you can only afford a home price of \$150,000.

Use our free mortgage calculator to help you estimate your monthly mortgage payments. Account for interest rates and break down payments in an easy to use amortization schedule.

We bought our first house with a 30 year loan and didn't pay 20%. Based on your monthly gross income, you could spend this much on a.

Get a free personalized salary estimate based on your work history and today’s job market. Use Know Your Worth to compare your pay to people like you and find out if you’re getting paid fairly. Get Your Estimate. What’s New at Glassdoor.

When buying a house, should I use my gross income or net income to determine what I can afford? September 3, 2014. Mark Scheets . September 3, This doesn’t mean, though, that you should rely on gross income to determine how much of a house payment you can comfortably afford each month.

Monthly mortgage payment: \$1,283. Monthly income needed:.. The salary needed to buy a house is just \$32,600. Louisiana. Brendan van.

What Can We Afford Q: How do you think about the question, "Can we afford sustainability?" Robert Mendelsohn: One thing that’s going to be very interesting is coming up with a definition of what we mean by "sustainability." Economists have a very clear idea of what they mean by sustainability, but it’s not always consistent with what you might see in the natural sciences.