How Much Home Can I Afford?
Income and Debt Obligations
Current combined annual income
Monthly child support payments
Monthly auto payments
Monthly credit card payments
Monthly association fees
Other monthly obligations
(not including current mortgage payment)
New Loan Assumptions
Annual interest rate on new mortgage: (%)
Term of new mortgage: (years)
15
20
30
40
Funds available for a down payment
Estimated annual property taxes
Estimated annual homeowner's insurance
Front-end ratio: (%)
28%
33%
36%
Back-end ratio: (%)
36%
40%
45%
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