Home Affordability Calculator

Loan Type:

Personal

Business

Number of Bank Statements

January
$
February
$
March
$
April
$
May
$
June
$
January
$
February
$
March
$
April
$
May
$
June
$
July
$
August
$
September
$
October
$
November
$
December
$
July
$
August
$
September
$
October
$
November
$
December
$

Income

Gross Annual Income
i

Insert total annual income from all sources, before taxes.

$
Max Monthly Mortgage Payment
i

How much you can afford to put towards your home payment each month.

$

Monthly Debts

Total Monthly Debt
i

Sum of all debt payments required each month.

$
Car Loans
$
Credit Card Debt
$
Student Loans
$
Child Support
$
Other Mortgages
$
Other Loans
$
Max Monthly Payment After Expenses
i

Total amount available after monthly debt expenses.

$

Monthly Housing Expenses

Property Tax (Monthly)
i

The total monthly amount of property taxes owed.

$
Home Owners Insurance
i

Monthly amount of home owner’s insurance coverage.

$
HOA Fees
i

If applicable, enter monthly HOA fees.

$
Max Monthly Payment
i

Total amount spent on monthly housing expenses.

$

Financing

Minimum Down Payment
i

Minimum down payment is 10%.

$
Minimum down payment is 10%
Term of Mortgage
i

Length of loan expressed in years.

Annual Interest Rate
i

Interest rate applied to your home loan.

%
Your Maximum Home Price Is:
$00.00
Loan Amount:
$00.00
Down Payment:
$00.00