Empowering Your Journey to Homeownership

Achieving homeownership can be challenging, even for those who are mortgage-ready. The National Urban League, in collaboration with leading industry, civil rights, and research partners, has developed strategies, tools, and resources to address these barriers. These efforts are part of our ongoing commitment to the Black Homeownership Collaborative (BHC), convened by the National Housing Conference.
 
One standout resource from this initiative is the Mortgage Calculator—a powerful tool designed to equip aspiring homeowners with the knowledge and insights they need to succeed.

How the Mortgage Calculator Helps You

The Mortgage Calculator offers real-time, personalized data to help you make informed decisions about purchasing a home.

This user-friendly tool enables you to:

    •    Understand Down Payment Requirements: Calculate what’s needed to meet your goals.
    •    Assess Affordability: Discover what fits your budget based on your savings and financial situation.
    •    Explore Purchase Power: Determine the price range of homes you can confidently consider.
 
With detailed estimates for down payments, closing costs, housing debt-to-income ratios, and total debt-to-income ratios, the calculator helps you navigate the complexities of home buying with ease.
 

Why Use the Mortgage Calculator?

Buying a home is one of the most significant investments you’ll ever make. This tool ensures you’re fully informed about your financial position and expectations as you start identifying potential homes. By integrating your unique financial information, the Mortgage Calculator simplifies the process and empowers you to take the next step with confidence.