This home price falls comfortably within your budget.
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How Much Home Can I Afford?

In a few short minutes, this mortgage affordability calculator will help you determine just that.

  • Income
  • Obligations
  • Down Payment
Step 1: Annual income
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TIPS

What is your total annual household income? Think job earnings for you (and a co-applicant, if applicable), plus other sources of income from rental property, investments, etc.

Alimony, child support, or separate maintenance income need not be revealed if the Borrower or Co-Borrower does not choose to have it considered for repaying this loan.

Please enter your annual salary plus that of a spouse or co-applicant, if applicable.

Please enter any income earned from interest and dividends.

Please enter income earned from any investments you may have.

Please enter bonus income earned by you and a spouse or co-applicant, if applicable.

Please include any additional income not itemized in the fields above.

Alimony, child support, or separate maintenance income need not be revealed if the Borrower or Co-Borrower does not choose to have it considered for repaying this loan.

Step 1 illustration

This is not a commitment to lend or extend credit. All loans are subject to the Bank's underwriting standards. Additional information may be required for verification of documents provided. In Florida, applicant shall be responsible for any documentary tax due pursuant to state law. Applicants must meet a First Republic banker in person to complete account and loan application paperwork. This can be done at any First Republic Preferred Banking Office.

This tool is used for illustrative purposes only.


Comfy
$999
$4,650
$1,740,000
$200,000
You're short
Back to the drawing board.
This purchase price is too high and you’re short $40,000 on your down payment. If you have more funds to increase the amount listed in the Income or Down Payment fields, add them and we’ll recalculate.
 
 
 

Explore your options by entering new amounts to calculate.
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To take the next steps towards making your dream of owning a home a reality, it's time to talk to a First Republic banker so you can begin the application process.

This is not a commitment to lend or extend credit. All loans are subject to the Bank's underwriting standards. Additional information may be required for verification of documents provided. In Florida, applicant shall be responsible for any documentary tax due pursuant to state law. Applicants must meet a First Republic banker in person to complete account and loan application paperwork. This can be done at any First Republic Preferred Banking Office.

This tool is used for illustrative purposes only.


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How Debt Impacts Homebuying

How to save for a deposit
Are you thinking the time is right to buy your first home? Before you start crafting a budget and thinking about which neighborhood you want to live in, there are a number of major financial facts to consider.

How To Improve Your Credit Score

How to save for a deposit
A good credit score can greatly expand the horizons of your financial life providing, for example, access to better interest rates and more favorable mortgage terms.

How do you determine affordability?

Based on the information you provided, you would be allocating 25% of your monthly income towards housing expenses. In general, you should aim for no greater than a 39% debt-to-income ratio which is calculated by dividing your total recurring monthly debt by your gross monthly income. Your DTI is too high. Please adjust your assumptions below.

How did you calculate my results?

We calculate your results based on a loan term of 30 years, an industry average interest rate of 4.00%, a property tax and insurance estimate of 1% to 1.25%, and the total amount that you are borrowing. These results are meant for your research only and are not the final say on your chances of buying a home. Reach out to a First Republic banker for more details and information.

Save Results

TIPS
Annual Income

What is your total annual household income? Think job earnings for you (and a co-applicant, if applicable), plus other sources of income from rental property, investments, etc.
Alimony, child support, or separate maintenance income need not be revealed if the Borrower or Co-Borrower does not choose to have it considered for repaying this loan.