Page Text: Who This Calculator is For: Borrowers who want to know whether they can afford a
given-priced house AND borrowers who want to know how much house they can afford.
What This Calculator Does:This calculator displays the cash and income required
to qualify, and the maximum debt service allowed, to purchase a house at a specified
price. It also shows how much house you can afford, and how it is calculated.
I have a specific house price in mind - can I afford it?
I do not have a specific house price in mind. What price can I afford?
Enter the Following Information
Purchase Price of Desired House (e.g. 235000)
Down Payment as a Percent of Price (can be either minimum required or percent intended)
Monthly Gross Income
Monthly Payments on Non-Mortgage Debt
Money Available for Down Payment & Closing Costs
Loan Term