Mortgage Affordability Calculator
Once you have decided that you should buy a home, you need to decide as to how much can you afford.
Following will help you to stay focused and stop you from making a mistake.
- How much is your annual income?
- How much is your down payment?
- How much is your other debt?
- How much are your other monthly payments?
- How much will be your closing costs?
- How much mortgage you will qualify for?
- What will be your mortgage payments?
- How much are your property taxes?
- What will be your total housing costs per month?
Will you be able to carry on with your current way of life with whatever is left after you have paid for your housing costs or will it cramp your daily living?