What can I afford?

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$	Monthly Income (before taxes)
$	Monthly Debt Payments (Min. pmts. on credit cards, auto loans, student loans)
$	Money available for Down Payment
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%	Mortgage Interest Rate

30 Year Fixed vs. 15 Year Fixed
15-yr.	30-yr.
$	$	Most expensive home you can afford
$	$	Maximum Loan
$ ( %)	$ ( %)	Down Payment
$	$	Monthly Principal & Interest Payment
$	$	Monthly Taxes & Insurance

$	$	Total Monthly Payment

DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment MAY be required.

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