Mortgage Calculator

How much CAN you afford… what a loaded question.  Let’s see, if I gave up eating out and only shopped once a month and didn’t take a vacation but every other year…  when looking at what you CAN afford ask yourself a few questions.

Do you want to sit at home in your new home with no money to go to the movies on date night?  No new shoes for the date?  If something major breaks in your home do you want to be in a financial bind to fix it?  Where do you see yourself five years from now?
Do you want to buy a home in a comfortable price range?  Do you know the term “house poor”?

There are 2 theories to this scenario.  Scenario 1: Some people  say I want to buy the most house I can possibly afford now because I don’t plan on moving for 15 years; 15 years from now I will make more money and this is my one big investment.  Scenario 2: Are those that say I want to buy in a comfortable range and as my income grows so will my expenses and possibly even family size… I better be conservative now.

Use the calculator below and see what the high and low end of your payments might look like. Complete the fields below and click  Calculate Now. To view the results of each calculation, click on the various tabs.