Get Home Affordability Calculator

The Home Affordability Calculator is a valuable tool for individuals seeking to understand their potential home purchase options. By accurately filling out this online form, you can gain insights into your home affordability based on your income, debts, and financing terms.

Follow the steps to accurately complete the calculator.

1. Click the ‘Get Form’ button to obtain the Home Affordability Calculator and open it for fill-out.
2. Begin by entering the interest rate for your mortgage in the designated field. For example, you may input 8.00%.
3. Specify the payment period in years. For instance, you can choose a 15-year or 30-year term, as per your preference.
4. Indicate your expected monthly payment amount. Enter the figure that reflects what you anticipate paying each month, such as $1,000.00.
5. Input your gross monthly income. This is your total income before taxes and deductions, for example, $5,000.00.
6. Enter your total monthly debt repayment in the specified field, which could be $500.00 if applicable.
7. Determine your potential house price. The calculator may provide a suggested house price based on the information you’ve entered, such as $104,640.59.
8. Specify your intended down payment amount. You could enter $15,000.00, reflecting what you plan to put down upfront.
9. Complete the sections for monthly payment and monthly housing costs. Include amounts such as $1,000.00 for the monthly payment and $120.00 for housing costs.
10. After completing all the relevant sections, review your entries for accuracy to ensure your inputs are correct.
11. Finally, you can save changes, download, print, or share the completed form as necessary.

Start filling out your Home Affordability Calculator online today for a clearer financial picture.