Home
Buying a home is one of the biggest financial decisions most people will ever make. Legit Calc provides free Home & Mortgage Calculators designed to help you estimate payments, understand affordability, compare financing options, evaluate home equity, and make smarter real estate decisions.
Legit Calc’s free Home Buying Calculators help you compare these
numbers before making an offer or applying for financing.
Featured Home Buying Calculators
๐ก Home Affordability Calculator
Estimate how much home may fit your income, monthly debts, down payment and expected housing costs.
๐ต Down Payment Calculator
Estimate how much cash you may need using different home prices and down-payment percentages.
๐งพ Closing Cost Calculator
Estimate lender fees, title charges, prepaid expenses and other potential closing costs.
๐ก๏ธ PMI Calculator
Estimate private mortgage insurance costs when financing a home with less than 20% down.
โ๏ธ Rent vs Buy Calculator
Compare the potential financial impact of continuing to rent versus purchasing a home.
โ Mortgage Qualification Calculator
Estimate potential mortgage qualification using income, monthly debts and common lending ratios.
How Much Does It Really Cost to Buy a Home?
The purchase price is only part of the financial picture. Buyers may also need
to budget for a down payment, closing costs, property taxes, homeowners
insurance, PMI, HOA fees, maintenance, repairs and moving expenses.
Using several calculators together provides a more complete picture of the
financial commitment involved in buying a home.
Recommended Home Buying Calculation Path
1. Home Affordability Calculator โ Establish a realistic home-price range.
โ
2. Down Payment Calculator โ Estimate the cash required upfront.
โ
3. Mortgage Calculator โ Estimate the monthly payment.
โ
4. Closing Cost Calculator โ Estimate purchase transaction expenses.
โ
5. PMI Calculator โ Estimate mortgage insurance where applicable.
โ
6. Rent vs Buy Calculator โ Compare ownership with renting.
Related Home Buying Guides
- How Much House Can I Afford?
- How Much Should I Put Down on a House?
- What Are Closing Costs?
- What Is PMI?
- Renting vs Buying a Home
- Mortgage Preapproval Explained
Frequently Asked Questions
What calculator should a first-time homebuyer use first?
The Home Affordability Calculator is usually a good first step because it helps establish a realistic purchase-price range.
How much should I save before buying a house?
Consider your down payment, closing costs, moving expenses, emergency savings and potential repairs.
Does a larger down payment lower my mortgage payment?
Generally, yes. Borrowing less can reduce your monthly principal-and-interest payment and may reduce or eliminate PMI.
Are closing costs included in the down payment?
No. Closing costs are generally separate from the down payment.
What is PMI?
Private mortgage insurance is commonly required on conventional mortgages when the borrower has less than 20% equity.