Mortgage
Payment Calculators
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Mortgage Qualification
How much house can
I afford? |
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This calculator will help you to determine how
much house you can afford.
After providing the information, press
"Calculate" for your results. You can reset the
values you entered by clicking on the
"Reset"
option.
Complete or change the entry fields in the
"Input" column of all three sections. The
calculator will automatically recalculate
anytime you press the Tab key after making a
change to an input field.
Disclaimer:
Annual PMI
(mortgage insurance) of .5% is assumed
but can be as high as 1.50% depending on the
individual situation. It also may not be
required under certain loan programs.
Often if you are borrowing over 80% of the value
of the property it will be required.
Enter 0% in this field if PMI is not required or
the LTV is under 80%.
Unless otherwise stated, monthly assessments
were assumed to be $0. The actual income needed
may change if actual variables differ from these
assumptions.
