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.)

$

2a. What are your monthly long-term obligations?
Monthly auto loan payments:

$

2b.Monthly credit card payments:

$

2c. Monthly association fees/dues:

$

2d. Monthly spousal/child-support payments:

$

2e. Other monthly obligations:

$

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?

$
 
   
   
Professional Economic
105 Fieldcrest Ave • Edison, NJ • 08837
Phone: (732) 225-0777 x1244 • Fax: (732) 346-1603
www.carldemarco.com • cdemarco@htk.com

*Securities and Investment Advisory services offered through Hornor, Townsend and Kent Inc. Registered Investment Adviser Member FINRA/SIPC. 105 Fieldcrest Avenue, 5C ,Edison, NJ 08837 (732) 225-0777. PEGG is Independent of HTK, Inc. HTK, Inc. is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.

A0CD-0518-08

 

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