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This calculator will estimate the size of a mortgage you could
afford based on the size of your monthly rent payment, the downpayment you could
afford, and on the anticipated property taxes and homeowner's insurance.
The most important aspect in determining how much you can afford is NOT "how
much will the banks give me." Instead, the TRUE BOSS is actually YOU! You are
very likely going to qualify to borrow far more money than you can actually comfortably
and safely pay for, so it is smarter to start with YOUR OWN PAYMENT COMFORT LEVELS, and
then figure your optimum leverage size from there.
THIS calculator was designed to help YOU discover what works best for YOU. It is
really very easy to use… don’t worry about making mistakes, you can do it over and over
to try different amounts and ideas.
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