How Much Can I Afford?

See if your income is sufficient to purchase your new home.

Enter Your Information Here
Purchase Price	$
Down Payment	$
Interest Rate (APR)		%
Mortgage Term
Annual Tax Payments	$
Annual Hazard Insurance	$
Total Montlhy Debt Payments (credit cards, auto loans, etc.)	$

See Your Results Here
Loan Amount	$
Total Monthly Payment (PITI)	$
Total Monthly Debt Payment	$
28% Qualifying Annual Income	$
36% Qualifying Annual Income	$
Minimum Required Annual Income	$

PLEASE NOTE: Your salary must meet the following two conditions: (1) your gross monthly salary (pre-taxes) must be greater than 28% fo the sum of your PITI payment, and (2) your gross monthly salary must be greater than 36% of the sum of all your monthly debt payments. The figures above are based on conventional loan guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. If you have less than 20% equity in your home, you may be required to pay a monthly mortgage insurance payment. Contact us for more information.