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Monday, February 6, 2012

How Much Can I Afford?

This is a quick and easy calculator designed to give you a rough estimate of what you can afford.

There are many factors that determine affordibility and NO online calculator can take all of them into account.

Use this as a starting point only.  Call our Customer Service Department for a detailed, free analysis of your situation.

We can also provide Pre-qualification and Pre-Approval letters.

                 
    Enter Income   what counts as income?
     
Borrower 1     $
Yearly Monthly
     
Borrower 2     $
Yearly Monthly

                 
    Enter Debts (all borrowers)     what counts as debt?
     
 $  
 $  
 $  
 $  
     
 $  
 $  
 $  
 $  
     
 $  
 $  
 $  
 $  
          Total  
 $
                 
    Enter Down Payment   what amount works best?
     
Enter Available
Down Payment 
 $
or
%  
     
( minimum down payment is 5% )    
       
                 
   
           
     
                 
Results
Based on the information above, you qualify for the following:
Home Price  $ 

Loan Amount   $

Down Payment  ($ or %)

Monthly Payment   $

Payment made up of:
 
Principal & Interest  $

Property Taxes  $

Homeowner's Insurance  $

Mortgage Insurance (PMI)  $

 ( some minor rounding errors may occur )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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