Are you ready to buy?
Model the real monthly cost of a home — mortgage, taxes, insurance, mortgage insurance and HOA — plus the cash you'll need at closing. Every default is an estimate you can replace with your lender's figures.
Buy Readiness calculator
Work out what buying would actually cost each month, and how much cash you need to close. Replace any figure with your lender's numbers — nothing here is a quote.
Affordability estimate bands
These start from MoveWiserr's own ranges, not from you — adjust any of them below, or add your ranges to your Move Profile and they'll prefill here. Everything you change stays on this page.
Affordability range
Estimated from the ranges below
Conservative estimate
$122,711
- Monthly ceiling
- $1,050
- 3.0% down
- $3,681
- Income modelled (band low)
- $60,000/yr
Midpoint estimate
$172,251
- Monthly ceiling
- $1,429
- 6.5% down
- $11,196
- Income modelled (band midpoint)
- $70,000/yr
Upper estimate
$232,305
- Monthly ceiling
- $1,867
- 10.0% down
- $23,231
- Income modelled (band high)
- $80,000/yr
All three are estimates, not offers. Conservative pairs the bottom of the income range with the heaviest debt in that band and the smallest down payment; upper does the opposite. The midpoint sits between them — it is an estimate, not your budget. Modelled at 7.250% (Conventional starting rate 6.75% adjusted +0.5% for your credit band) over 30 years, using the 28/36 debt-to-income guideline.
Down-payment scenarios
Currently assuming 3–10% (not sure yet) down. At the $172,251 midpoint price that is:
Assumptions used
- Household income range
- $60k – $80k · MoveWiserr starting point
- Credit score range
- Not sure · MoveWiserr starting point
- Down payment
- 3–10% (not sure yet) of the price · MoveWiserr starting point
- Monthly debt obligations
- Not sure — modelled at a moderate 8–15% of gross income · MoveWiserr starting point
- Taxes & insurance
- 1.1% and 0.5% of price per year — national-average estimates · MoveWiserr estimate
Modelled at the 640–699 band until you check your score.
Pre-approval
Status: Haven't started
Nothing started yet — a pre-approval is the single highest-value next step, and it costs nothing.
Mortgage insurance
PMI usually applies below 20% down and can normally be removed once you reach 20% equity.
PMI is priced by the insurer from your credit band and loan-to-value, so treat the figure below as a starting point and replace it with your lender's quote.
Your edits stay on this page. Change any assumption above and MoveWiserr will ask “Save this to your Move Profile?” before anything is stored. Nothing is ever saved automatically, and only the range you picked is ever saved — never an exact figure.
The standard loan most buyers use. Credit and down payment drive your rate. PMI usually applies below 20% down and can normally be removed once you reach 20% equity.
Estimate — use your lender's rate
Estimated from price — check the county appraiser
Estimate — get a real quote
Estimated for Conventional
0 if none
Estimated at ~3% of price
Grant or down-payment help you've been awarded
Total monthly housing cost
$2,555
Principal & interest $1,972 · everything below included
Cash needed to close
$25,600
$16,000 down + $9,600 closing
Monthly breakdown
- Principal & interest
- $1,972
- Property taxes
- $293
- Homeowners insurance
- $133
- PMI / MIP
- $157
- HOA / condo fees
- $0
- Total
- $2,555
Loan amount: $304,000
Total interest over 30 years: $405,826
All figures are estimates. Rates, taxes, insurance and mortgage insurance are priced individually by lenders, counties and insurers. Use this to plan, then confirm every number with your lender before you commit.
Find down-payment assistance