AFFORDABILITY CALCULATOR
This calculator will help you to determine how much house you can afford and/or qualify for. Begin by clicking in the first entry field and follow the instructions that appear in the Help box.
Gross annual income:
Explain/Instruct
Monthly debt payments:
Down payment:
Annual interest rate:
Monthly Private Mortgage Insurance (PMI %):
Monthly insurance:
Annual property tax percentage(%):
Length of the mortgage:
15 Years
20 Years
30 Years
Maximum mortgage payment to income ratio (%):
Maximum debt payments to income ratio (%):
?
Downpayment:
Explain/Instruct
?
Loan Amount:
?
Home Price:
?
Monthly PMI payment:
?
Monthly insurance payment:
?
Monthly property tax payment:
?
Monthly principal & interest payment (P&I):
?
Total monthly cash outflow:
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