Evangelina Wolfley

    Home Affordability Calculator

    I created this calculator to help you better understand the full financial picture of buying a home. Try different scenarios, compare costs, and if you have questions about your results, I'm here to help.

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    Property & Loan Details

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    Mortgage insurance may apply depending on the loan type, down payment, lender, and borrower qualifications.

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    Estimate your monthly recurring services. These are editable examples.

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    Maintenance needs vary according to the home's age, condition, climate, construction, and major systems.

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    Estimated Total Monthly Cost of Ownership

    $3,700 / month

    Estimated Mortgage Payment: $2,875

    Principal & Interest$2,275
    Property Taxes$450
    Homeowners Insurance$150
    Utilities$450
    Maintenance Reserve$375

    Costs to Plan for Beyond the Mortgage

    Your mortgage payment is only one part of the cost of owning a home. A realistic monthly budget should also leave room for upfront expenses, ongoing services, maintenance, and costs that may change over time.

    Closing Costs and Inspections

    Lender fees, title and settlement services, appraisals, and home inspections can affect the amount of cash needed before closing.

    Maintenance and Repairs

    Roofs, HVAC systems, appliances, plumbing, and other components may eventually require service or replacement.

    Utilities and Recurring Services

    Water, electricity, gas, trash, internet, landscaping, HOA dues, and other services may affect the monthly cost of ownership.

    Property Taxes and Insurance

    Property taxes and insurance premiums may change over time and should be considered when evaluating long-term affordability.

    Evangelina Wolfley, Southern California real estate professional

    Want to Review Your Estimate?

    Online calculators are a helpful starting point, but the final numbers can vary based on the property, financing, taxes, insurance, HOA fees, and other costs. If you would like to review your estimate or discuss your home-buying goals, I'd be happy to help.

    Review My Estimate With Evangelina

    Questions? Let's Talk.

    If you're ready to take the next step—or simply have questions about buying or selling a home—I'm here to help. Let's have a conversation.

    Call Evangelina (562) 505-7177Browse Available Homes
    Disclaimer: This Home Affordability Calculator is provided for educational and illustrative purposes only. Results are estimates based on the information and assumptions entered. Actual mortgage payments, loan terms, interest rates, taxes, insurance premiums, mortgage insurance, HOA fees, utilities, maintenance costs, closing costs, property values, selling expenses, and other costs may vary. Future property appreciation and equity are not guaranteed. This calculator does not constitute financial, tax, legal, insurance, or lending advice. It is not a loan offer, loan approval, commitment to lend, affordability determination, appraisal, insurance quote, or official Loan Estimate. Consult qualified mortgage, insurance, tax, legal, and real estate professionals for guidance specific to your situation.