Home | Listings | Search | Mortgage Calculators | Contact Us

Affordability Calculator

Step 1:  
 
Total monthly income: $
Based on your income, your house payment can be: $  
This means you can afford a home worth approximately:   $
Note: Only If a house payment will be your only debt.
Step 2:   $
What are the combined minimum monthly payments on all your debt (excluding your current mortgages).  For example - car loans, credit cards, personal loans, etc.
The maximum that you can pay each month for a house payment including your debt is:  $
This means you can afford a home worth approximately:  $

Is this less than you need?  That's ok - there are many programs for people that don't qualify for conforming loans.  

Optional: Non-conforming loan calculation, below.       

You could afford  $ a month in a house payment under a non-conforming loan.  This means you may be able to afford a home worth approximately $.  The rate MAY be a little higher, but at least you have options.  


The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain advice from qualified professionals.    
 

BeigePage.com: An Aijeleth Company © 2002-2007  All rights reserved.