What Mortgage Can I Qualify For?
Annual Income    
Total Non-Housing Debt    
Amount Saved for Down Payment and Closing Costs    
Interest Rate    
Estimated amount you can afford
Purchase Price of Home $43,575
Down Payment $14,258
Closing Costs $742
Mortgage Amount $29,665
Monthly Payment $188
You can afford a mortgage of $29,665 with a monthly payment of $188 if you put down $14,258 for a down payment leaving you $742 for closing costs. This is based on a loan with an interest rate of 6.50%. These values are based on a 30 year mortgage, with a 3% down payment and 2.5% estimated closing costs.