How Much Should I Pay a Month for a Car or House?

It’s an important question to ask. Your house and car payments are likely two of your biggest expenses, so keeping your costs reasonable in these two areas can help improve your personal cash flow. Paying too much can cause you to live from paycheck to paycheck, and budgeting too little can mean you purchase a car or home you don’t like or cannot keep.

Before you start the approval process for new home loans or car financing, use our calculators to determine what you can comfortably afford. It’s important to get an unbiased view of how much you can afford before you shop with lenders — they may be willing to lend you more than you can comfortably afford since they have a vested financial interest to do so. The more you borrow, the more they earn in interest. Get a neutral, third-party estimate by using the Money Help Center calculators so you can keep your home and car affordable.

Our Financial Calculators

An estimated car payment calculator lets you see how much your monthly payments might be. You can try different down payments, asking prices, terms and other details to see what type of car and payment might make the most financial sense for you. With the calculator, you can make sure the monthly amount is one you can live with.

We also have a mortgage calculator to help you determine how much you’ll pay in interest and what your monthly costs will be with different mortgage terms, down payments and house prices. With this free and unbiased calculator, you can determine what kind of house loan you can afford.

We also have lots of other calculators to help you get financial insight into every area of your life, from savings to retirement. Our calculators aren’t associated with any companies — they’re unbiased. We tell you the straight financial facts so you can make an informed choice. Try our calculators today!

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