Can You Afford Your Dream House?

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Location

What is your desired location?

Your location will be used to find available mortgages and calculate taxes. Do this later

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Household Income

What is your annual pre-tax income?

This will be used to determine your taxes as well as how much you can afford in monthly payments. if you are married do not include your spouse's income.

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Down Payment

Enter your down payment

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Monthly Debt

What are your monthly debt payments?

These are your monthly debt payments (credit card bills, student loans, and car payments), excluding your monthly mortgage. Do this later

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You can afford up to a:
$---,--- home.

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Why? The monthly payment is a comfortable 25% of your income and the down payment is less than the amount you specified. See a more detailed calculation

Mortgage Details Mortgage Payment$---,---

Estimated Other Costs $-,---

Total Payment $-,---

Type ------

Interest/APR -.--%

Mortgage Amount$---,---

Type ------

Interest/APR -.--%

Down Payment: $-,---

Minimum Down Payment is --.-%

Down Payment $-,---

Closing Costs $--,---

Cash Reserve $--,---

Recommended Savings$---,---