Based on your current budget, potential down payment, and interest rates, get a glimpse into what capital you may need to obtain a loan for a new home purchase.
Home Affordability
Home Affordability
Purchase Price |
Principal & Interest |
Property Taxes |
Insurance |
Monthly Payment |
---|---|---|---|---|
$ 150,000 | $ 636 | $ 125 | $ 62 | $ 824 |
Your loan-to-value ratio is the most limiting factor on the price of a home you can purchase. Increasing your down payment will allow you to increase the price of the home you can afford.
Lending Ratio | Purchase Price |
---|---|
Loan to Value Ratio | $ 150,000 |
Housing Ratio | $ 258,460 |
Debt Ratio | $ 164,249 |