A mortgage calculator is a tool that enables a user to determine the financial implications of various variables. This tool is usually automated. It can be used to assess a home’s affordability, refinance a home, or determine the amount a deposit will need for a home. Home affordability calculator A home affordability calculator is a tool to help you determine how much house you can afford. You can also use it to estimate how much your down payment and closing costs will be. It provides a general estimate based on your income and debt profile. The results are not a guarantee of loan approval. One of the most important factors…