Make the First Move With Our Affordability Calculator.

We'll Do the Math. You Start Packing.

Our Mortgage Calculator makes it easy to picture a beautiful new home that's in your budget. Just plug in the numbers below. Then, start planning your move. Remember, the more detailed you are, the more accurate the result.

Fixed Rate Calculator

Loan Amount:
$
Loan Term:
years
Property Tax:
$/year
Property Insurance:
$/year
Interest Rate %:
%
Show Amortization Schedule By:
Year
Month
First Payment:
Down Payment %:
%

Disclaimer: This calculator is provided solely for general information purposes. Although this calculator may be a useful tool in evaluating certain financial information and assumptions provided by the user, it is not intended in any way as financial, securities, insurance, tax, or legal advice or services. Further, this calculator may not include all financial information relevant to any particular user, and there often are other important considerations to any home buying decision that are difficult to quantify in financial terms. Accordingly, this calculator is provided on an "AS IS" AND "AS AVAILABLE" BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. Meritage Homes does not assume any duty by making this calculator available, all of which duties are expressly disclaimed, and Meritage Homes shall not be responsible for any errors or omissions in this calculator or the consequences of any decisions or actions taken in reliance upon this calculator.

Affordability Calculator

Affordability Calculator

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "Calculate" button to see a complete amortization schedule of your mortgage payments.

Purchase Price

The price of the home you wish to purchase. This is the actual price you'll pay, not including any closing costs.

Purchase price:
$
Down payment:
%
Mortgage term:
years
Interest rate:
%
Property tax:
$
Property insurance:
$
PMI:
%
First payment date (month):

First payment date (year):

Show by year
Show by month
Don't show

Disclaimer: This calculator is provided solely for general information purposes. Although this calculator may be a useful tool in evaluating certain financial information and assumptions provided by the user, it is not intended in any way as financial, securities, insurance, tax, or legal advice or services. Further, this calculator may not include all financial information relevant to any particular user, and there often are other important considerations to any home buying decision that are difficult to quantify in financial terms. Accordingly, this calculator is provided on an "AS IS" AND "AS AVAILABLE" BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. Meritage Homes does not assume any duty by making this calculator available, all of which duties are expressly disclaimed, and Meritage Homes shall not be responsible for any errors or omissions in this calculator or the consequences of any decisions or actions taken in reliance upon this calculator.

Rent Vs. Buy Calculator

Rent vs. Buy Calculator

Should you rent or should you buy your home? This calculator helps you weigh the fees, taxes, and monthly payments in order to make a decision between these two options. (While this calculation is based on the original purchase price, fees and taxes payable at that time, remember that insurance and tax costs can fluctuate from year to year.) Use the slider buttons to adjust the numbers, and the chart below will show you the different scenarios to consider.

Disclaimer: This calculator is provided solely for general information purposes. Although this calculator may be a useful tool in evaluating certain financial information and assumptions provided by the user, it is not intended in any way as financial, securities, insurance, tax, or legal advice or services. Further, this calculator may not include all financial information relevant to any particular user, and there often are other important considerations to any home buying decision that are difficult to quantify in financial terms. Accordingly, this calculator is provided on an "AS IS" AND "AS AVAILABLE" BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. Meritage Homes does not assume any duty by making this calculator available, all of which duties are expressly disclaimed, and Meritage Homes shall not be responsible for any errors or omissions in this calculator or the consequences of any decisions or actions taken in reliance upon this calculator.