This tool allows you to find out what amount could be borrowed for a home.
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The how much home tool can be purchased and downloaded in Microsoft Excel for only $6. Please follow the link below to download this tool. Following your payment, you will be redirected to the download page.
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How Much Home Can I Afford
Down Payment on House: Input the amount you have down for a home
Annual Household Income: The amount your household makes before taxes in 1 year
Interest Rate: The amount your bank or credit union will charge for the loan
Term (years): The length, in years, for your loan
Monthly Payment (25% of Income): This assumes that you will spend 25% of your income for your mortgage
Home Value: The value of home you can afford
Loan Amount: The amount of loan you should seek