Can I Really Afford to Buy a Home? This calculator will give you a general idea how much of a mortgage you can afford based on your down payment and what you want your monthly payments to be. $     How much money can you afford to put down on the purchase of a new home? $     How much can you afford to pay a month?     How many years do you want to finance the mortgage? % What is the interest rate that you hope to get a loan for? Based on the information you provided above, you would be able to afford a home that costs   . Note: This calculator is provided to give you a general idea. We cannot guarantee the accuracy or the applicability to your situation. Please consult with Lisa Gibbs.