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 How
Much House Can You Afford?
Explanation of Query Fields:
Before Tax Income is the total of all your income before
taxes. In this calculator you must enter your YEARLY income.
Monthly Debt is the total sum of car payments, credit
cards, student loan payments, etc.
Down Payment is the amount of the down payment you have
saved.
Property Tax Rate is usually estimated at 1% of the value
of the home. (i.e. 1% = $1000/yr. for a 100K home.)
Home Insurance Rate is usually estimated at 0.5% of the
value of the home. (i.e. 0.5% = $500/yr. for a 100K home.)
Interest Rate on Mortgage is the interest rate SSB charges
on your loan. In this calculator you do NOT have to include
the % symbol.
Number of Years of Mortgage is the length of the mortgage
you are considering. |
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