AFFORDABILITY CALCULATOR

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
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Your debt-to-income ratio is 36%
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Affordability Help

Annual Income

This is the combined annual income for you and your co-borrower. Include all income before taxes, including base salary, commissions, bonuses, overtime, tips, rental income, investment income, alimony, child support, etc.

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Other Monthly Debts

Include all monthly debt payments for of you and your co-borrower, including: minimum monthly required credit card payments, car payments, student loan payments, alimony/child support payments, any house payments (rent or mortgage) other than the new mortgage you are seeking, rental property maintenance, and other personal loans with periodic payments.

Do NOT include: credit card balances you pay off in full each month, existing house payments (rent or mortgage) that will become obsolete as a result of the new mortgage you're seeking, or the new mortgage you're seeking.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

Debt-to-Income (DTI)

Your DTI is expressed as a percentage and is your total "minimum" monthly debt divided by your gross monthly income. The conventional limit for DTI is 36% of your monthly income, but this could be as high as 41% for FHA loans. A DTI of 20% or below is considered excellent.

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REVIEWS

  • Fidel Diaz

    (Translated by Google) Very good review of the best of Miami (Original) Muy buenos rearto lo mejor de miami

  • Kristina Meneses

    If I could rate 100 stars I would! It was an absolute pleasure to work with Silvia and Julio!! They were both very helpful in finding the right home & location I wanted all within our price range. Silvia and Julio are extremely communicative and always answered any questions or concerns we had. As soon as there was a new listing, I was notified right away. They are both very passionate about what they do and truly care for each of their clients. I can’t thank them enough for all of their help during the house hunting process!! Thank you!! :)

  • Mayelin Gonzalez

    Working with Julio as my agent in the purchase of our home was an incredible experience. His wife Silvia works alongside him making this experience even more exceptional! From the beginning of our search for our new home until the flawless closing. They always made themselves available to go see properties we were interested in, were always on time, extremely respectful with sellers and realtors, and always very knowledgeable of the market and the home buying process. They were always there to lend a helping hand with anything and everything we needed. Always available via phone or text. We ended up closing on a beautiful home without any stress because we knew Julio had our backs. Couldn’t have done it without him and his amazing wife Silvia. Thank you!! You will have clients for life with us and our future generations.

  • Ana Hernandez

    I enjoyed working with Julio, he was very courteous, knowledgeable, and had my best interest always throughout the process. They are the best and very involved. Thanks again for everything Julio.

  • Elizabeth Valero

    (Translated by Google) Everything wonderful. My family and I are very grateful and pleased. Blessings! (Original) Todo maravilloso .Mi familia y yo estamos muy agradecidos y complacidos.Bendiciones ¡¡¡¡¡¡¡

  • Lianet Bellido de Luna

    We recently rented a home we purchased with Julio and Silvia a few years back and it was so great working with them again. They are realtors with years of experience that offer a lot of value and knowledge in the current market. There was not one call that wasn’t answered during our rental process, they knew exactly what we wanted and 100% delivered. We can’t wait to work with them again when we purchase our next home!

  • Lianet bellido de luna

    Silvia and Julio were an absolute pleasure to work with. They are exactly what you would like a realtor team to be. They are always available for you, very knowledgeable on the current housing market and most importantly flexible to schedule visits. Working with them you are receiving a 2 for 1 deal. You get two amazing realtors that are there for you no matter the time, each with their own special qualities that together make for an amazing team. Not only do they have years of experience as realtors but also have a mortgage broker background and know exactly what needs to be done to close a deal. Buying our home with Silvia and Julio was such a wonderful experience and we truly feel we have friends for a lifetime. We highly recommend using them on your next home purchase and can promise you will not be disappointed!!!

  • Christopher Orsi

    Both Julio & Silvia have always shown they care about their clients and have treated us with the upmost respect in making sure we find the perfect home. Highly highly recommend using them.

  • Armando martinez

    Julio N. Suarez and Silvia Suarez have really shown their professionalism and expertise every time they've assisted me in a real estate transaction, from simple transaction to complex ones. You can not go wrong with trusting this duo!

  • Yilian Varela

    As always a great experience with Julio, an absolute pleasure to work with him again. He is very knowledgeable and excelente agent with years experience about the housing market. Would I recommend them, without a doubt. Thanks Julio.

  • Antonio Pérez

    I know them since 2000. Avery business that I do in real state I do it with them, very professional, helpful and friendly. I recommend him 100%.

  • Cristobal Corales

    Thanks to JULIO N. SUAREZ, we got our first home!! , that was back in 2005 , very proffesional, honest and respectful realtor,

  • Maggie Desantino

  • Yereisy Montero

    A few years ago Julio and Silvia helped me buy my first home.This is the second time I reach to them for help and I have nothing but good things to say about both. This time not only they help me sell it but they also make sure I was able to find what I was looking for. Life is about experiences and when you think about finding the perfect home Julio and Silvia are the ones than can give you the best experience to do so. They are simply the best. Thank you guys for everything you do.

  • Jhonathan Valdes

    Are you looking to buy a property in South Florida? Do you need a hand-holder to guide you thru the process? Do you feel a bit nervous about it? Then reach out to the Suarez Team and you will thank me later. When I started this process in early 2022, in one of the hottest real estate markets, I never thought that I would be able to get an offer accepted within a month. Silvia and Julio were in contact communication with me to keep me appraised but also coaching me as I was a first time homebuyer. They were great by showing me properties as they became available. It’s not an easy process at ALL but they make it as smooth as you can possibly imagine. And I was living on the west coast so we did everything virtually and worked out amazing! I highly recommend you the Suarez Team for your home buying process. Thanks Silvia & Julio. Best of luck to you!

  • Luis Fernando Zapata Galvez

    After looking at several real estate agents, I chose Julio & Silvia with the Suarez Team, because they were the most knowledgeable of the area, showed the most professionalism, were very accessible and likeable. Their services throughout the whole process were seamlessly and straight forward. But I will recommend them mostly for their honesty and their willingness to work with you.

  • Sandra Torres

    Julio and Sylvia were remarkably helpful selling my mom's condo. They worked well beyond what one could expect. I highly recommend them.

  • Martica

    what can I say ? Simply the best . Best decision of my life is having them as my realtors . The process of searching for a home and the process of closing was very pleasant and I recommend them to all my friends and family .

  • Ricardo Diaz

    The best experience when buying a home. They both make you feel like family and very informative in the process.

  • Ida Music

    It is a very serious company and with many years of experience, they try by all means to meet the client's expectations, in my case I contacted them and after a month, we moved in a beautiful and completely renovated place, I recommend them 💯

  • Pedro Morales

    Buying a home is a serious step. Julio and Silvia are straight forward persons and treat you like family, you feel confident on every step of the way, they work really fast. I really recommend them, Thanks for your help and support in the process of buying my first home!

  • Nelson Martinez

    Best Realtor in Miami. Professional and responsive 👍❤️

  • Mayilet Seco

  • Yosvany Reyes

    When it comes to fulfilling big dreams, only JULIO & SILVIA The Suárez Team comes to mind. They were in charge of fulfilling ours, he spoke of buying a house, thank you for all your efforts, your patience, your professionalism, your speed and skill, all these characterize these two people who strove to make this experience unforgettable! If you are thinking of selling or buying a house, do not hesitate to call them, we guarantee their work, today I live in the house that I love thanks to them, they took care of the smallest detail from the first day so that in the end everything was easier and more rewarding! Their experience at work is unmatched and they are super professional human beings.

  • Jose Ignacio Perez

    (Translated by Google) When it comes to fulfilling big dreams, only JULIO&SILVIA The Suárez Team comes to mind. They were in charge of turning ours into a reality, he talked about buying a house, thank you for all your efforts, your patience, your professionalism, your speed and skill, all of these characterize these two people who strived to make this process unforgettable! If you are thinking of selling or buying a property, do not hesitate to call them, we guarantee their work, The Suárez Team is the best option, today I live in the house I want, thanks to them, they took care of the smallest detail from day one so that in the end everything was easier and more rewarding! Their experience at work is unmatched, they are super professional human beings. (Original) Cuando se trata de cumplir grandes sueños , me viene solo a la mente , JULIO&SILVIA The Suárez Team. Ellos fueron los encargados de convertir el nuestro en realidad , habló de comprar una casa , gracias por todo su empeño , su paciencia su profesionalidad su rapidez y destreza ,todas estas caracterizan a estas dos personas que se esforzaron por hacer de este proceso , inolvidable ! Si estás pensando en vender o comprar una propiedad no dudes en llamarlos, te garantizamos su trabajo ,The Suárez Team es la mejor opción , hoy vivo en la casa que quiero gracias ellos , se encargaron desde el primer día del mas mínimo detalle para que al final todo fuera más fácil y gratificante ! Su experiencia en el trabajo es inigualable son seres humanos súper profesionales .

  • Javier Sierra

    Noel and Silvia helped me find an apartment to rent. From the first day we went out to look for rent they were very friendly and considered the areas and prices so as not to pay a high rent. Thanks for helping. I love my new apartment

  • Ramon Cros

    Great team last year they helped me to find a house I strong recommend them with your Real State needs

  • Angel Olazabal

  • LLY LLY

    Both Julio and Silvia are amazing !!!!! ..... I'm so happy with my house that I need to say THANK YOU FOR YOUR HELP !

  • Elizabeth Leon

    (Translated by Google) Always super grateful to Suarez Team,,, with Silvita and Noel, the last thing they helped me get my rent was currently in January 2018 and I have been almost 2 years and delighted, but since 2001 I have bought 4 houses with them, always the same treatment, honest, always trying in the best way to help me, I love their seriousness, professionalism and humanity, they treat you like family,,,, we are already preparing for our next purchase and of course We continue with Suárez Team,,, I love you Silvi and Noel,, Thank you always for everything 😘 (Original) Super agradecida siempre con Suarez Team,,, con Silvita y Noel, lo ultimo que me ayudaron a conseguir mi renta actualmente en Enero del 2018 y ya llevo casi 2 años y encantada, pero desde el 2001 he comprado co ellos 4 casas, siempre el mismo trato, honrados, siempre tratando en la mejor manera de ayudarme, me encanta su seriedad, profesionalismo y humanidad, te tratan como familia ,,,, ya estamos preparándonos para nuestra próxima compra y por supuesto que seguimos con Suárez Team,,, Los quiero Silvi y Noel ,, Gracias siempre por todo 😘

  • Juniet Delgado

    (Translated by Google) I have known Julio and Silvia for 15 years. Throughout this time I have seen how they have helped friends and family with the process of buying and renting. This year I needed to rent my property and I did not hesitate to call them and they helped me. And they answered all my questions and professionally rented my house. Julio and Silvia are agents who I recommend since they are extremely professional and incredible human beings. (Original) Conozco a Julio y Silvia hace 15 años a través de todo este tiempo he visto como an ayudado amistades y amigos con el proceso de comprar y rentar ,este año necesité rentar mi propiedad y no dude en llamarlos me ayudaron. Y dieron respuestas a todas mis preguntas y profesionalmente rentaron mi casa ,julio y Silvia son agentes los cuales recomiendo ya que son extremadamente profesionales e increíbles seres humanos.

  • A Google User

    My wife and I are so grateful to have gone with the Suarez team, when it was time to purchase a home. Their way of business was nothing short of professional, yet tailored to our unique needs. Silvia Suarez went out of her way to educate us and guide us, since this was our first experience. Julio Suarez was an excellent negotiator and I’m not sure we would have gotten exactly what we wanted, under budget, if it weren’t for him. We were on a time crunch, with a lease ending at the end of December and the Suarez team worked tirelessly to not only meet our deadline, but we closed two weeks early! I would recommend this dynamic duo to anyone.

  • Mirelis Cordovez

    (Translated by Google) Finding a house that met our expectations was our first important goal to achieve when we arrived in this country and it couldn't be with anyone better than with you. With you we felt safe, you were on our side at all times and advised us very well. They gave us many very good options, which is why you are highly recommended by us. Successes!!!!! (Original) Encontrar una casa que cumpliera nuestras expectativas fue nuestra primera meta importante a cumplir cuando llegamos a este pais y no podia ser con nadie mejor que con uds. Con uds nos sentimos seguros, en todo momento estuvieron de nuestro lado y nos asesoraban muy bien. Nos dieron muchas y muy buenas opciones, por eso ud son altamente recomendados por nosotros. Exitos!!!!!

  • Vanessa Martinez

    The best decision we made was choosing the Suarez Team, when purchasing our first home. We started our house shopping at the end of October 2018, after reaching out to Mr. & Mrs. Suarez who were nothing but patient, informative and supportive. We closed early December 2018, just in time for the holidays! Mrs. Suarez was always just a call or a text away and was very attentive to all our needs and concerns. Mr. Suarez was extremely patient when guiding us through the process and it is evident that his experience contributed to making the process seamless! Because the Suarez Team did an excellent job at finding us exactly what we were looking for, I don’t suspect that we will need their services again soon, but when the time comes, there is no doubt that we will be repeat clients. We have recommended them to friends and we recommend them to you.

  • MR GAMEZ

    My wife and myself have known Mr Julio and his team for a very long time now, since the first time we’ve got in contact with Julio he is always been super efficient and responsive to our questions and needs, we recently bought a new home and the whole process couldn’t have been made easier by him and his team, the level of professionalisms and character they put into their work to make sure everything goes smoothly, exceeded our expectations, to them you’re not just another client, you’re family, there’s no doubt in our mind that we will continue using Mr Julio for our Real State needs in the near future and also recommend all of our family and friends their services. P.S Thank you once more Julio and Sylvia for everything. We will see you soon.

  • Maydelin Mauad

    Working with Julio N Suarez was great. We rent my townhouse in less that 10 days after looking for a long time ... The process was incredibly easy and benefit was very responsive and thorough ... I recommend it 100% to my friends and family

  • maylin garcia

  • Alexis Cejas Perez

  • Raul Fuster (Fus75)

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