NW INSURANCE & FINANCIAL - Home Affordability : Calculator: Home Affordability

Shopping for a home can be a very exciting time. But before you begin evaluating neighborhoods and housing options, you’ll need to know just how much you can afford to spend. This calculator is designed to give you an estimate of the amount of financing you can expect to get when you begin house hunting.

1. What is your current annual pre-tax income? (Include all sources of income, including salary, interest, dividends, etc.)	$
2. What are your monthly long-term obligations?
2a. Monthly auto loan payments:	$
2b. Monthly credit card payments:	$
2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans):	$
3. What would the interest rate be on your mortgage?	%
4. What would the term (length) of the loan be (in years)?
5. How much money do you have available for the down payment?	$

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators provided by Emerald Connect, Inc.