Joint affordability calculator: what can you afford together?
All of your available savings is in, and you've borrowed everything your income supports. Another $1,000 a year would add about $3,416 to what you can buy.
The Assumptions: change any of these (Down payment, Interest rate, etc.)
About you
Savings decide the deposit. Income decides how much you can borrow. That's it.
- *Monthly debts lower what you can afford. This includes what you pay each month on cars, student loans, credit cards and anything else.
- **Other contributions is positive value someone brings that isn't cash. It can take into account renovation work, materials, furniture etc. It doesn't change what you can afford, but it can change the split of the home between you.
Buying with someone else?
Add them and see how it strengthens your purchasing power, along with a fair split of the equity, worked out from what each of you earns and has saved.
What it costs you
| Buyer | Monthly | Of gross income |
|---|---|---|
| You | $2,741 | 30% |
FairSquare helps you and your co-owners manage cash flow and equity stakes together so you can make profitable, tension-free decisions instead of wrestling with confusing spreadsheets or frustrated partners.
A starting point for a conversation, not legal, tax or financial advice. Lender rules differ by country and by lender, and only a lender can tell you what you'll actually be offered. Whatever you agree, put it in a written co-ownership agreement before you buy.