What Can I Afford?

Inputs   Results  
Gross Monthly Income $ Max Sales Price $
Monthly Non-Housing Debt $ Max Loan Amount $
Cash Available to Put Down $ Max Monthly Payment $
Interest Rate $    
Term In Years    
Your salary must meet the following two conditions:
Your gross (before-taxes) monthly salary must be greater than 33% of the
sum of the monthly mortgage and monthly tax payments.
Your gross (before-taxes) monthly salary must be greater than 45% of the
sum of the monthly mortgage, monthly tax and other monthly
debt payments.
Notice: The pre-qualification figures above are based upon conventional program guidelines. We have other loan programs available. Calculations on our website are believed to be accurate, but not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.
Do not rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly.  Please contact us for assistance with your specific concerns.


What Will My Payments Be?

Inputs   Results  
Mortgage Term Yr  Monthly Principal + Interest $
Interest Rate % Monthly Tax $
Loan Amount $ Monthly Insurance $
Annual Tax $ Total Payment $
Annual Insurance $    
       
       
Notice: If you have less then 20% equity in your home than a Mortgage Insurance payment might be applied to your loan payment.
Do not rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact us for assistance with your specific concerns.