Use this tool to determine how much of a home you can afford.
Please Complete the Following
Fixed Rate
ARM - Current Rate
Annual Interest Rate (%)
Amortization Length in Years
Expected Annual Property Tax
Expected Annual Hazard Insurance
Expected Monthly Debt Payments
(car, school, credit cards, etc)
Sale Price of Home
(for refinances, use Assessed Value of Home)
Principal Loan Balance
Analysis
Below is the analysis of your information.
Lender's Qualification Ratios
(Recommended by Fannie Mae)
/
Total Monthly Lender Payment (PITI)
$
Total Monthly Debt Payment (PITI + Debt)
$
Necessary Monthly Income
$
Necessary Annual Income
$
PMI Required?
Monthly PMI included in PITI, if Required.
$
14802 Quorum Drive, Suite 300, Dallas, Texas 75252
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