Thursday, September 9, 2010
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Affordability Calculator
Affordability Calculator
Affordability Calculator
Property Price:
Down Payment Amount*:
0.00%
Annual Gross Income:
(Salary, Interest, Bonuses, Dividends not including rental income)
Annual Rent:
(From subject property)
Annual Income from Other Sources:
Mortgage Rate:
%
Length of Mortgage:
(In years)
Property Price:
Down Payment:
Total Loan Required**:
Maximum Mortgage Eligibility *** :
Maximum Monthly Payment you Qualify for:
* If property is not owner occupied you may be required to pay 30% or more as a down payment.
** Includes approximately 3% of closing costs.
*** Lenders usually approve a percentage of your income as basis to qualify for a loan. Given your credit history, eligibility may be higher than the displayed result. This is approximately the maximum loan amount you may qualify for based on the data you provided and given that mortgage and taxes are paid as part of your mortgage payment.
Provided by Peak Finance Company
Calculation results are estimates only. Actual results may vary depending on lender requirements and borrower information.
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Sep 9
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