affordability calculator


AFFORDABILITY CALCULATOR

sell your home
Use the calculator below to give you an idea of how much of a mortgage you can afford. However, it is meant to be a guideline, not a rule. We have many programs available that can maximize the amount of a home you can afford.
 
Desired mortgage amount:
 
 
Mortgage length (in years)
 
 
Interest %
 
 
Annual property tax
 
 
Total monthly payments not including mortgage (car, loans, credit cards, etc).
 
 



  Summary  
 
Monthly Principal + Interest
 
 
Total Housing Payment (tax & insurance included)
 
 
Required Salary
 

Listed below are the basic guidelines of how our industry determines how much of a mortgage payment you qualify for.

 
   
 
1. Your gross (before taxes) monthly salary should be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
 
2. Your gross (before taxes) monthly salary should be greater than 36% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
   









Loan Calculators are tools designed to help you. However, I can help you know exactly what you qualify for. Please call me so that I can be of service to you.










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