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How much should I spend on rent? Apartment List’s rent calculator uses your income and expenses to determine how much rent you can afford and then helps you find great apartments in your budget.

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Description of the My First Apartment’s Affordable Rent Calculator: 1.) The above easy-to-use calculator uses the formulas from this post for calculating your maximum affordable rent. (Note: If you are paid hourly, you should also check our post How Much Rent Can I Afford on My Hourly Pay?. If you have a fixed salary, the calculation is pre-tax annual salary divided by 40.

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Using this rent calculator is really as straight forward as it gets. Enter the amount you’d typically see on a paycheck i.e. what you get paid after taxes and other deductions, select how often you get paid, choose how many roommates you’re going to have, and finally at the bottom of that first little brown box hit the ‘calculate rent’ button.

Use our free mortgage calculator to quickly estimate what your new home will cost. includes taxes, insurance, PMI and the latest mortgage rates.

Rent Calculation for Public Housing If your down payment amount is less than 20% of the purchase price of your home, you will need to pay for mortgage default insurance. This also means that the maximum allowable amortization (the length of time it takes to pay your mortgage if the interest rate remains the same and you make all the regular payments) is 25 years.

This mortgage calculator from LendingTree is an estimate only and is not intended to be interpreted as a firm offer to lend funds. Please contact LendingTree to find a lender to give a loan quote.