Wayne Realty Corp. provides this home affordability calculator to determine approximate affordability based on the values entered. Please keep in mind that the results are only estimates.

Enter the values for the fields shown in the top section. When complete click the calculate input button to see the results below.

 

Monthly Income Monthly Debts
Down Payment % Funds available for home purchase
Taxes and Insurance
Annual Property Tax % Annual Hazard Insurance %
Loan Conditions
Annual Interest Rate % Loan Term years
 
 
Your Estimated Results
 
Description Conservative Estimate Agrressive Estimate
 
Maximum Mortgage Amount
Down Payment
Property Sales Price
Closing Costs
Down Payment & Closing Costs
Funds Surplus / Shortage (-)
Monthly Loan Payment
Monthly Property Tax
Monthly Hazard Insurance
Monthly PMI Insurance
Monthly Housing Expense

 

 

Disclaimer: The accuracy of the results of this calculator is not guaranteed as well as their applicability to your particular circumstances. They are intended to give you an idea of what actual mortgage payments would be for different mortgage scenarios. When you are ready to finance you should consult a professional, please contact us and we will calculate your mortgage payment based on your current financial situation and the specific details of the subject property.
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