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Find out How Much Mortgage You Can Afford

You can save yourself a lot of wheel-spinning if you take a minute to figure out how much mortgage you can afford. Generally, a lender will want your monthly mortgage payment to total no more than 29% of your monthly gross income (that's your monthly income before taxes and other paycheck deductions are taken out.) You also need to consider current loan interest rates. The lower the interest rate, the more expensive the home you'll be able to afford. You can use the calculator below to help determine the mortgage amount for you.

Mortgage/Payment Calculator

It's as simple as:

  1. Fill in the Blanks
  2. Click on Calculate Now!

Note: Taxes and Insurance are not required fields;
you may leave them blank to calculate Prin. & Int. only.

Years Financed:

Loan Amount:

Interest:

Annual Taxes:

Annual Insurance:

*Results:

Monthly Prin. + Int.

Monthly Taxes

Monthly Insurance

Total Payment

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