Bank of America
- Signin
- Log in
- Locations
Get started
866.466.0979
Other ways to contact us More
NMLS ID:
- Schedule an appointment
- 866.466.0979
Get started
866.466.0979
Other ways to contact us More
NMLS ID:
- Schedule an appointment
- 866.466.0979
Please wait a moment while we retrieve our low rates
How much home can I afford?
If you're thinking about buying, start with this home affordability calculator
$
Include pre-tax income from all applicants
$
Auto, credit card or student loans
Monthly debt payments
Include:
Minimum monthly credit card payments
Auto, student, or personal loan payments
Co-borrower monthly debt (if needed)
Alimony or child support
Rent or mortgage for second home (if needed)
Property maintenance
Do not include:
Credit card balances paid in full each month
Utilities, groceries, etc.
Child care and tuition
Current rent or mortgage payments
Lookup ZIP codepopup
Property ZIP code
Enter the ZIP code of the property you want to purchase to get the interest rate for that area.
Calculator results are estimates only based on the information you provide.
Good news! Based on the information you have provided,
you may be eligible for closing cost assistance through
our America’s Home Grant® program.
Home affordability estimate for a 30-year fixed rate loan adatext
{{estimatedHomePrice}}
estimated home price
{{monthlyPITIAmount}} monthly mortgage payment†
Interest rate of {{interestRate}}%, {{apr}}% APR
includes a {{downpaymentPercentage}}% down payment of {{downPayment}}
Edit down payment
$
Update
Based on the information you entered, we’re unable to provide loan options that fit your budget. Check that the information you entered is accurate, and try again. Or learn more about what mortgage payment would fit comfortable into your lifestyle.
Learn More
*Bank of America offers a variety of loan programs that require less than 5% down. Please contact a Lending Specialist to discuss program eligibility:
Find out what you could qualify for and what your loan options may be. Get prequalified in minutes.
Get Prequalified
Need some more information? Now that you have your estimated home price, check out different loan options with our Mortgage Calculator.
† Home affordability estimate and monthly payment adatext are based on a 30-year fixed-rate mortgage on a single-family residence, with an interest rate of {{interestRate}}% {{apr}}% on {{aprDate}}, for a borrower with excellent credit and user inputs. These home affordability calculator results are based on your debt-to-income ratio (DTI).
Your mortgage and your overall budget
The question isn't how much you could borrow but how much you should borrow. These home affordability calculator results are based on your debt-to-income ratio (DTI). Industry standards suggest your total debt should be 36% of your income and your monthly mortgage payment should be 28% of your gross monthly income.
Learn more about how much home can you afford.
How much house can I afford?
Prequal vs preapproval?
It often depends on where you are in the homebuying process. Let's remove some of the mystery.
Learn more about mortgage pre qualification.
Your home comfort zone
This video shows you how your mortgage payment should fit comfortably into your lifestyle.
Learn more about how much mortgage you can afford.
Down payment help
Our Down Payment Center adatext can help you find programs you may be eligible for.
Learn more about down payment help.
Debt to income ratio
It helps lenders decide whether to approve your mortgage application. But what is it exactly?
Learn more about what is debt to income ratio.
Prequal vs preapproval?
It often depends on where you are in the homebuying process. Let's remove some of the mystery.
Learn more about mortgage pre qualification.
Your home comfort zone
This video shows you how your mortgage payment should fit comfortably into your lifestyle.
Learn more about how much mortgage you can afford.
Down payment help
Our Down Payment Center adatext can help you find programs you may be eligible for.
Learn more about down payment help.
Debt to income ratio
It helps lenders decide whether to approve your mortgage application. But what is it exactly?
Learn more about what is debt to income ratio.
Prequal vs preapproval?
It often depends on where you are in the homebuying process. Let's remove some of the mystery.
Learn more about mortgage pre qualification.
Your home comfort zone
This video shows you how your mortgage payment should fit comfortably into your lifestyle.
Learn more about how much mortgage you can afford.
Down payment help
Our Down Payment Center adatext can help you find programs you may be eligible for.
Learn more about down payment help.
Debt to income ratio
It helps lenders decide whether to approve your mortgage application. But what is it exactly?
Learn more about what is debt to income ratio.
Dig into the numbers
Closing costs calculator
Estimate your closing expenses for purchasing a home.
Go to calculator
Today's mortgage rates
View today’s rates by location.
View today’s rates
Estimate home value
Compare home prices in your area.
Compare home prices
There is more than one ZIP code for your location. These are the ZIP codes we found in that city.
Select
Please enter your city and state to find your ZIP Code
Connect with us
Lending Specialist
NMLS ID:
Meet with us
Mon-Fri 8 a.m.-10 p.m. ET
Sat 8 a.m.-6:30 p.m. ET
Schedule an appointment
Findanotherlending specialist
Enter a ZIP or city
Go
Schedule an appointment
Mon-Fri 8 a.m.-10 p.m. ET
Sat 8 a.m.-6:30 p.m. ET
Find a location
Mon-Fri 8 a.m.-10 p.m. ET
Sat 8 a.m.-6:30 p.m. ET
Call us
Mon-Fri 8 a.m.-10 p.m. ET
Sat 8 a.m.-6:30 p.m. ET
Get a call backlayer