How much can I afford?
You can afford
a $663,563 home
(with mortgage insurance)
Based on your income, you can comfortably afford a monthly payment of $2,160, which, along with other monthly expenses, represents 39.00% of your income. This is within the range recommended by most lenders.
Mortgage Amount
$543,563
Insurance Premium
$15,220
Total Loan Amount
$558,783
Type
fixed
Down Payment
18.08%
Monthly Payment
$2,160
Other Expenses
$0
Total Monthly Expenses
$2,516
Total Down Payment
$120,000
Closing Costs
$20,710
Estimate is based on a 5 year fixed term at today's rate of
2.44%