Use this calculator to determine the approximate price of the home you can afford based upon how much you can pay each month and the interest rate you might be charged at closing. If you have good credit, you may want to enter 6% as an interest rate. If your credit is poor, you may want to enter 8.5% to 10%.

This is only a guideline.

Vary the interest rate up and down so you can see that you can buy more house, for the same fixed payment, with a lower interest rate.

That's why it is so important for you to work at having good credit.