Mortgage Calculator
Estimate your monthly payment, affordability, and total cost of ownership.
Loan Details
$
$
%
Additional Costs
Estimated Monthly Payment
$1,917
per month
Principal & Interest
$1,517
Property Tax
$300
per month
Home Insurance
$100
per month
Total Interest Paid
$306,107
over 30 years
Loan Amount
$240,000
20% down
Payment Breakdown
- Principal & Interest
- Property Tax
- Insurance
Affordability Check
$
📏 28% Rule: Housing should be ≤28% of gross monthly income
📏 36% Rule: Total debt should be ≤36% of gross monthly income
Housing-to-Income Ratio
28.8%
of your gross monthly income
⚠ Stretch — Review Budget
Income Needed (28%)
$6,846/mo
Max Home (28% rule)
$292,129
🎖️
BAH Rates — Camp Lejeune / Jacksonville, NC
2024 Basic Allowance for Housing (approximate)
| Pay Grade | Without Dependents | With Dependents | Covers Payment? |
|---|---|---|---|
| E-1 to E-4 | $1,290 | $1,620 | ✗ Partial |
| E-5 | $1,470 | $1,740 | ✗ Partial |
| E-6 | $1,530 | $1,830 | ✗ Partial |
| E-7 | $1,650 | $1,980 | ✓ Yes |
| E-8 / E-9 | $1,800 | $2,160 | ✓ Yes |
| O-1 / O-2 | $1,710 | $2,070 | ✓ Yes |
| O-3 | $1,890 | $2,250 | ✓ Yes |
| O-4 / O-5 | $2,070 | $2,430 | ✓ Yes |
| O-6+ | $2,340 | $2,700 | ✓ Yes |
* Rates are approximate. Check MyArmyBenefits or DFAS for exact current rates.