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  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in New York
  4. New York
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator New York, NY

How much house can you afford in New York? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in New York

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Jumbo Loan Experts LLC

Specializing in jumbo loans since 2009, this team focuses on clear communication and honest guidance throughout the mortgage process. They assist with home financing and refinancing, often praised for their thorough explanations and proactive approach. Some clients note the straightforward style may feel direct but appreciate the transparency.

Services & Prices
First-time Homebuyer Assistance Quoted per loan
Home Purchase Loans Quoted per loan
Jumbo Loans Quoted per loan
Rate and Term Refinance Quoted per loan
View Profile
(877) 545-8626
Open 9:00 AM - 5:00 PM
48 Wall St #1100, New York, NY 10005, USA
General Services
Mortgage Financing
2

Block Financial Resources

Block Financial Resources specializes in quick preapprovals and refinancing with competitive rates and low closing costs. Their team guides clients through home purchases and refinancing with clear communication and steady support, though experiences may vary depending on the assigned broker. Customers appreciate their responsiveness and ability to simplify complex processes.

Services & Prices
Home Purchase Mortgage Quoted per loan
Refinancing Quoted per loan
Co-op Mortgage Quoted per loan
Market Trend Analysis Quoted per loan
View Profile
(212) 933-0157
Open 9:00 AM - 6:00 PM
1123 Broadway, New York, NY 10010, USA
General Services
Mortgage Services
3

The Funding Store

The Funding Store works with a large network of over 100 lenders to offer competitive rates on a variety of loan types, including conventional, jumbo, VA, and commercial mortgages. The team is known for guiding clients through the process with clear communication and personalized attention, though their fees are sometimes noted alongside closing costs.

Services & Prices
First-Time Home Buyer Assistance Quoted per loan
Cash-Out Refinance Quoted per loan
Conventional Mortgage Quoted per loan
Rate and Term Refinance Quoted per loan
View Profile
(212) 365-0025
Open 9:30 AM - 6:30 PM
14 Wall St 20th floor office 2050, New York, NY 10005, USA
General Services
Mortgage Services
4

Diversified Funding Group USA

Known for guiding clients through complex real estate transactions, Diversified Funding Group USA focuses on personalized mortgage solutions for buyers and refinancers. Their team takes time to understand each client’s goals, offering clear advice and steady support throughout the process. Customers appreciate their responsiveness and thorough communication, though some note the detailed… more...

Known for guiding clients through complex real estate transactions, Diversified Funding Group USA focuses on personalized mortgage solutions for buyers and refinancers. Their team takes time to understand each client’s goals, offering clear advice and steady support throughout the process. Customers appreciate their responsiveness and thorough communication, though some note the detailed documentation can require patience.

Services & Prices
First-Time Home Buying Assistance Quoted per loan
Refinancing Services Quoted per loan
Investment Property Financing Quoted per loan
View Profile
(212) 742-7800
Open 9:30 AM - 6:00 PM
61 Broadway Ste 2780, New York, NY 10006, USA
General Services
Mortgage Services
5

Hasanov Capital

Hasanov Capital specializes in innovative lending solutions for business and property investment loans. Their team handles everything from application to closing with clear communication and efficiency, often simplifying the paperwork process. Clients appreciate their responsiveness and straightforward approach, though some note the detailed documentation required.

Services & Prices
Residential Mortgage Quoted per loan
Commercial Mortgage Quoted per loan
Refinance Mortgage Quoted per loan
Business Loans Quoted per loan
View Profile
(646) 330-4601
Open 8:30 AM - 5:30 PM
477 Madison Ave 6th Floor, Suite 612,New York, NY 10022
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Morty

Morty specializes in a tech-first mortgage experience that lets homebuyers handle much of the loan process online, saving both time and money. The team offers competitive rates and smooth closings, with many customers appreciating their responsive support and easy-to-use platform. Some note the timeline can affect final decisions, but overall the process is straightforward.

Services & Prices
Home Loan Quoted per loan
Refinancing Quoted per loan
Rate Lock Quoted per loan
View Profile
(844) 457-8564
Open 9:00 AM - 5:00 PM
180 Varick St #816, New York, NY 10014, USA
General Services
Mortgage Brokerage
7

Real Estate Funding Solutions

Real Estate Funding Solutions offers a distinctive approach by allowing clients to use their own credit reports during approval, avoiding multiple credit checks that can affect scores. The team handles various real estate funding needs with responsive communication and a smooth process, though some deals may take a few weeks to close.

Services & Prices
Home Purchase Financing $200 - $400
Commercial Property Financing $300 - $600
Refinancing Options $250 - $450
Credit Score Assessment $50 - $100
View Profile
(855) 913-8637
Open 9:00 AM - 7:00 PM
211 43rd St 7th Floor, New York, NY 10017, USA
General Services
Real Estate Funding
8

hfinance - Expat Mortgage Broker

To save time, money and stress, we negotiate home loans with the lender. Our team will work closely with you to determine your needs and then present you multiple options for financing. We have access to hundreds of products from over 30 lenders including major banks. You get a better deal if you have more than one. We will handle all the paperwork, research, credit advice and paperwork, as well… more...

To save time, money and stress, we negotiate home loans with the lender. Our team will work closely with you to determine your needs and then present you multiple options for financing. We have access to hundreds of products from over 30 lenders including major banks. You get a better deal if you have more than one. We will handle all the paperwork, research, credit advice and paperwork, as well as support you through settlement.

View Profile
(02) 7252 5535
Open 8:00 AM - 6:00 PM
12 E 49th St 11th floor, New York, NY 10017, USA
9

RSA Mortgage Brokerage

We have been working for owners for decades. Our relationships with lenders are strong and we understand the market. This can make it possible to get financing. Our track record is proven to be able to close financing deals, from quotations to closing. We have strong banking relationships that allow us to treat each other with respect and address all problems professionally, in the hope of… more...

We have been working for owners for decades. Our relationships with lenders are strong and we understand the market. This can make it possible to get financing. Our track record is proven to be able to close financing deals, from quotations to closing. We have strong banking relationships that allow us to treat each other with respect and address all problems professionally, in the hope of resolving them.

View Profile
(212) 214-9220
Open 10:00 AM - 6:00 PM
123 William St, New York, NY 10038, USA
10

Chase Mortgage

Serves New York, NY

About ChaseChase is a leading financial services firm, offering a wide range of banking, credit card, investment, and home lending products. With a history rooted in providing financial solutions, Chase is dedicated to helping individuals and businesses achieve their financial goals. The company emphasizes customer-centricity, offering personalized services and innovative digital tools to manage… more...

About ChaseChase is a leading financial services firm, offering a wide range of banking, credit card, investment, and home lending products. With a history rooted in providing financial solutions, Chase is dedicated to helping individuals and businesses achieve their financial goals. The company emphasizes customer-centricity, offering personalized services and innovative digital tools to manage finances effectively. Chase operates a vast network of branches and ATMs, ensuring accessibility for its diverse customer base. Their mission is to be the world's most indispensable partner for clients by providing exceptional service, expertise, and value.Credentials & TrustChase is a trusted financial institution, operating under JPMorgan Chase Bank, N.A., a wholly-owned subsidiary of JPMorgan Chase & Co. As a member of the FDIC and an Equal Housing Opportunity lender, Chase adheres to strict regulatory standards and ethical practices. The company is committed to protecting its customers through robust security measures and educational resources on fraud prevention. Customer trust is paramount, reflected in their dedication to transparency and reliable financial services.Chase OfferingsChase provides a comprehensive suite of financial products and services. This includes various checking and savings accounts, Certificates of Deposit (CDs), and a wide array of credit cards offering rewards, cash back, and travel perks. For homeownership, Chase offers mortgage loans, home equity lines of credit (HELOCs), and refinancing options, supported by mortgage calculators and educational resources. Auto financing for new and used vehicles is also available, along with a payment calculator and educational center. For businesses, Chase offers checking accounts, merchant services, small business loans, and business credit cards, alongside a dedicated business resource center.Unique AdvantagesChase distinguishes itself through its extensive physical presence with over 14,000 ATMs and 5,000 branches, combined with advanced digital banking capabilities. The company offers personalized financial advice through J.P. Morgan advisors and a dedicated Chase Private Client program providing priority service and exclusive benefits. Chase also leverages exclusive partnerships in sports and entertainment, enhancing customer engagement and offering unique experiences.

View Profile
(914) 964-0452
Open 8:30 AM - 6:00 PM
410 S Broadway, Yonkers, NY 10705

New York Mortgage Statistics

Home-purchase lending in New York County and home costs in New York, NY (latest HMDA and Census data)

Lenders made 5,420 home-purchase loans in New York County in 2025 (average about $1,205,000) and denied 858 — 14% of decided applications, compared with 13% across New York, according to federal mortgage data (HMDA, CFPB). In New York, the median home is worth $777,600 and 56% of owners have a mortgage, paying a median $3,293 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
5,420▲ 10%4,920 in 2024
Denial rate
14%NY 13%
Median home value
$777,600NY $423,800
Monthly cost with a mortgage
$3,293median · NY $2,555
Refinance loans made (New York County, 2025)
1,536 · 946 in 2024
Home-improvement loans made (2025)
165
Average home-purchase loan
$1,205,000 (NY $527,000)
Owners with a mortgage
56% · 44% of them spend 30%+ of income on housing
Median household income
$80,483 (NY $85,974)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in New York County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

New York Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Jumbo Loan Experts LLC 5.0 100 Quoted per loan (877) 545-8626 Visit
2 Block Financial Resources 4.8 40 Quoted per loan (212) 933-0157 Visit
3 The Funding Store 5.0 38 Quoted per loan (212) 365-0025 Visit
4 Diversified Funding Group USA 5.0 37 Quoted per loan (212) 742-7800 Visit
5 Hasanov Capital 5.0 36 $5,000 (646) 330-4601 Visit
6 Morty 4.8 30 Quoted per loan (844) 457-8564 Visit
7 Real Estate Funding Solutions 5.0 14 $50 (855) 913-8637 Visit
8 hfinance - Expat Mortgage Broker 5.0 2 — (02) 7252 5535 Visit
9 RSA Mortgage Brokerage 5.0 1 — (212) 214-9220 Visit
10 Chase Mortgage 5.0 1 — (914) 964-0452 Visit

How this New York mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

New York rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 1.23% of the home's value a year, the New York average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

9 questions
How does the mortgage affordability calculator work?
It estimates the maximum home price you can afford based on income, debts, down payment, interest rate, and PMI. It uses a 31% housing cost cap and a 43% total debt cap.
What is the minimum down payment for a home in New York?
For first-time buyers, the minimum down is 3% on conventional loans and 3.5% on FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How does debt affect how much mortgage I can qualify for?
Lenders typically cap total debt payments at 43% of your gross monthly income. Higher debts reduce the mortgage amount you can qualify for.
What is the property tax rate in New York?
The property tax rate in New York is about 1.23% of the home's value per year, based on 2024 averages for owner-occupied homes.
How do interest rates impact mortgage affordability?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates change weekly; the calculator starts at 7.40%.
What is the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, credit, and down payment, giving a more accurate estimate. Pre-qualification is a preliminary assessment.
Do I need private mortgage insurance (PMI)?
If your down payment is under 20% on a conventional loan, PMI is typically required. It can be removed once the loan balance is below 80% of the home's value.
How much house can I afford on a 100k salary in New York?
The calculator estimates based on 31% of gross monthly income for housing costs and a 43% cap on total debt payments. Actual affordability varies by debts and down payment.
What does a mortgage broker do?
A mortgage broker helps you find and apply for loans by comparing options from different lenders, potentially saving you time and effort.

General information, not financial advice — consult a qualified professional.