Affordability Calculator

Are you ready to purchase a home for the first time? Can you afford a mortgage payment? The Mortgage Affordability Calculator will help you estimate a home loan amount that you can afford based on the amounts entered in the fields below: income, debt, down payment, etc.

Annual Income	$
Monthly Debt	$		Tip: Car Payments, Credit Cards, Loans
Cash Down Payment	$		Tip: Not including Points & Closing Costs
Property Tax Rate		%	Tip: 1% = $1000/yr for a 100K house
Home Insurance Rate		%	Tip: 0.5% = $500/yr for a 100K house
Interest Rate		%
Length of Loan		years
Lender's Qualification Ratios		/

925 Tuscany
Rockford, IL 61107

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Affordability Calculator