Mortgage Affordability Calculator
Know how much you can afford to pay. This includes not only the total price of the house, but the monthly payments, as well. Do not be fooled by the monthly amount the lender tells you that you can afford; that number is usually high enough to be well beyond most buyers' comfort zones. If the lender suggests that you can pay as much as $2000 per month but you only feel comfortable paying $1500 per month, then that is your limit. You should buy a house that will allow you to pay that amount, and no more.
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Mortgage Affordability Calculator |
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