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How Much House Can You Afford?

Estimate a Mortgage Interest Rate
4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0

Choose a Mortgage Term
30 Years 15 Years  

Estimate a Down Payment
5% 10% 20%

Monthly income before taxes.
 $
  No pennies, no commas.

Monthly Debt Payments
 $
  Credit cards, auto loans, etc.
    Not utilities, food, etc.
Affordable Amounts
$-0- Principal, interest, taxes & insurance.
$-0- Principal & interest, ONLY.
$-0- Maximum mortgage amount.
$-0- Maximum purchase price.
Disclaimer
The above calculations are based upon formulas that are commonly used by lenders for conventional mortgage loans. The formulas used for government guaranteed mortgage loans, (FHA, VA) are different, and may allow more buyers to qualify.

This worksheet is only a guide. Contact a Republic Mortgage Team Member for a thorough analysis of your specific situation.

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