Can I afford this home? This question is asked by most during the home shopping process. It’s important to determine what you may be able to afford long-term.
The calculators below will provide an idea of what your range could be:
- Affordability Calculator
- Renting vs. Buying
- Monthly Mortgage Payment Calculator
- Amortization Calculator
- Refinancing Calculator
Although there are many factors to keep in mind, the formula above will help you get started on your budget. When determining your monthly budget, significant factors to take into account include:
Car payments, credit card payments, car insurance, groceries, health insurance, energy costs, cell phone, internet access, cable, garbage, dry cleaning, memberships (gym, professional, etc.), water, property taxes, and homeowners insurance.
Contact us for additional helpful advice.
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