Mortgage calculator Las Vegas

Mortgage Calculator Las Vegas

Purchasing a home in the Las Vegas area can be very exciting, but it is a hot market and the competition with other buyers is high. The first step in purchasing a home is to calculate how much you can afford in the Las Vegas market.

In this article, we will share a Las Vegas mortgage calculator that can help determine how much you can afford, and also an amortization calculator which will show you how much you will pay in principal and interest over the life of the loan.

For the home affordability calculator, you do not need to complete all of the fields for the calculator to work with the exception of your annual income. One of the key factors within the calculator will be your annual gross income (before taxes) and the interest rate.

Please be sure that you complete all fields if applicable to get the most accurate results. We suggest using an interest rate of 6% for now. This is not a quote and does not reflect an offer from any lender. It is a conservative approach to giving you an idea of what you can afford. We can absolutely help you with a rate quote from a great lender in Las Vegas.

The results of this calculator are based upon the FHA guidelines which take into account an allowance for a higher debt to income ratio, and also the FHA mortgage insurance premium as part of your payment. Once you have completed this calculator, scroll further down and also use the amortization calculator which will share the principal and interest payments for the life of the loan.

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Home Affordability Calculator


TERM OF LOAN - 30 YEARS
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(Include minimum payments for credit cards, car payments, student debt, alimony, child support, etc)

What You Can Afford

The results below are based upon your personal financial data as entered above. The results below are based upon a DTI ratio of 43%


Loan Amount

$0.00


Payment Amount (includes Taxes, Ins, and HOA)

$0.00


The amount you can afford is mostly impacted by your income, monthly debt and property taxes for the home you may purchase. See below for tips on how to afford more.


Request a Payment Amount

If you are trying to keep your payment down, simply input the total payment amount that you desire and the results will show you the loan amount that fits you. This also takes into account the taxes, insurance and HOA you entered above.

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Loan Amount

$0.00

Las Vegas Property Tax Rate

One of the major factors that will impact how much you can qualify for will be the property taxes for the home you are shopping for.  Taxes and also homeowners insurance and HOA fees are all combined along with your principal and interest in the debt to income calculation.  This means the higher the property taxes, the less home you can afford.

In Las Vegas, the property tax rate is anywhere from $2.6 – $3.5 per $100 of assessment. This means for a home that is assessed at $100,000, the property tax rate for that area is $2.6, you would multiply $100,000 x .0260 and your taxes will be $2600 per year or $216.66 per month.