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What You Can Afford Right Now!
The calculator works
with any Java Script enabled web browser.
These calculations are
estimations only, actual payments and interest rates vary
depending on your individual credit status and history.
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Maximum Allowable Monthly
Payment & Home Purchase Price
This calculation will calculate both your
maximum monthly mortgage payment and the maximum purchase price
of your home based on the numbers you input. Lenders typically allow
the lesser of these two calculations as your Maximum Monthly Expense:
a) 28% of your monthly gross
income, or
b) 36% of your monthly gross income less any long
term obligations
Estimate my monthly payments.
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