What is the Affordability Calculator?

Last Updated Saturday 02:57 PM

The Affordability Calculator will give you an idea of the affordability of a property.

You will see the following calculations in several sections of the Property Details page.

  1. Estimated Monthly Payment = Loanable Amount * Amortization Factor Rate

    • By default, the estimated monthly payment is computed using an 8.5% interest rate, 20% downpayment, and 10 years payment terms. Property sellers can customize this based on the offer that they have.

    • Loanable Amount = Total Contract Price - Downpayment

    • Amortization Factor Rate = Monthly Interest Rate/1 - (1+Monthly Interest Rate)-Loan Payment Terms in Monthly

  2. Suggested Monthly Income is calculated based on the recommended 30% threshold to be allocated for property payment. This ensures that you will be able to pay for the monthly amortization comfortably. Even if you think you are not able to afford the property you are interested in at the moment, the Suggested Monthly Income can be set as your income goal.


All calculations show an estimate for reference. It is still recommended to talk to the agent or broker of the property to explore other payment options. You can edit the values in the Affordability Calculator to explore payment options that suit your budget.

You can search for properties you can afford here.

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