This California mortgage calculator will help you see how much house you can afford. You can personalize the assumptions based on your unique situation.
Simple California Affordability Calculator
We base your home price on a mortgage payment that is 24% of your monthly income.
You may want to be a little more conservative or a little more aggressive. You’ll be able to change this by adjusting the Debt to Income (DTI) slider on the California mortgage calculator. With a high DTI, your mortgage payment will take up more of your income than with a low DTI. Depending on where you live and the local housing market, it might be necessary to adjust this slider. Also, adjusting your other loan payments (car, student loans, etc.) will impact how much can allocate to your housing payment.
It’s important to make sure that you are comfortable with your monthly payment and the amount of money you’ll have left in your bank account after you buy your home.
Compare Current California Mortgage Rates
Make sure you compare mortgage rates before you apply for a mortgage loan. Comparing 3 lenders can save you thousands of dollars in the first few years of your mortgage.
You can see current mortgage rates or see how mortgage rates today have trended over last few years on Bundle. We monitor daily mortgage rates, trends, and discount points for 15 year and 30 year mortgage products.
Best Mortgage Lenders
We’ve compiled a list of the largest mortgage lenders based on the Home Mortgage Disclosure Act (HMDA) dataset. We’ve ranked each lender by their total annual mortgage volume. Check our list of the best mortgage lenders.