My income has recently increased, so I would like to know how much I can borrow.

How much you can borrow depends on several factors... amount of income, current outstanding debt, loan paying habits, and much more.

Use this calculator to quickly find out just how much you can borrow!

Enter the payment amount you think you can afford. Then enter property taxes, property insurance, and PMI if it applies.

Annual property taxes vary from location to location, but you can generally figure on paying about 1.75% to 2.5% of the home's value. And homeowner's insurance could be anywhere from $250 to $500 a year.

If you put less than 20% down, you can expect to pay PMI. To determine your annual PMI, use the PMI calculator.

Enter the rest of the information and then click the Calculate button to see how much home you can afford!

To create an amortization schedule, click the Amortize button.

As always, the results of the calculations are close estimates. Talk to your lending institution and insurance company before making a final decision.