Notes: This version includes 0%, 5% and 10% downpayment scenarios, along with processes to handle tax and insurance inputs. Question: How much house could I afford based on how much I currently pay out in rent? Renter Mortgage Affordability This calculator will estimate the size of a mortgage you could afford based on the size of your monthly rent payment, the downpayment you could afford, and on the anitcipated property taxes and homeowner's insurance. Enter your monthly rent payment: Enter the anticipated mortgage interest rate: Enter the term of the mortgage (years): Enter the anticipated annual property taxes: Enter the aniticipated annual insurance:   Downpayment % 0% 5% 10% The size mortgage you could afford: Down payment amount: Price of home: