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Steve Rider

How Much Can You Afford?


 

 

 

The first step in buying a home is to determine how much you can afford. Then you know exactly what price range to be looking in and don't waste valuable time. It's a good idea to speak with a lender for a pre-approval to get the ball rolling. This way when you find your dream home, you know you're ready to buy. Sellers are more willing to negotiate with buyers they know are qualified!

Use the calculator below to see what price range you fall in. Remember to be truthful about the info you enter into the calculator because incorrect information will only give you unrealistic numbers. After seeing the results, talk to a lender of your choice to receive a pre-approval letter.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $
Annual Insurance:  $
0.43%of Cost
Annual Property Tax:  $
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
        
Optional
Gross Debt Service Ratio (GDS): 
Total Debt Service Ratio (TDS): 
Condos Fees:  $

Results
  Receive this Detailed Analysis


Mortgage   Qualification   Affordability   Rent vs Buy    

Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 



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