The Mortgage Calculator is crucial in determining the mortgage amount based on an affordable monthly mortgage payment. NACA’s Housing Counselors work with members to prepare them for homeownership, including determining an affordable mortgage payment consisting of the principal, interest, taxes, insurance and HOA. While the maximum affordable mortgage payment does not change, the mortgage amount is dependent on NACA’s current below-market interest rate and the particular property’s taxes, insurance and HOA. Thus, the Mortgage Calculator is the place to determine whether a particular property is affordable based on the Member’s affordable mortgage payment
