How Much Can I Save?
See what a lower mortgage rate could save you. Enter your finances to find out your budget and potential savings.
Your Budget
Savings, investments, gift funds available for purchase
Total household income before taxes
Car payments, student loans, credit cards — not including housing
Estimates use a 43% debt-to-income limit and 1.25% annual property tax & insurance. This calculator is for educational purposes only — not financial advice.
How does affordability work with an assumable mortgage?
With an assumable mortgage, affordability comes down to two things: can you cover the equity gap, and can you handle the monthly payment? Both need to work for the home to fit your budget.
The equity gap is the difference between the home's sale price and the remaining loan balance. Unlike a traditional down payment (typically 3-20%), the equity gap can be larger — but the tradeoff is a significantly lower interest rate that saves you money every month.
Common Questions
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