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Determine What You
Can Afford Right Now!
The calculator works with
any Java Script enabled web browser.
These calculations are estimations
only, actual payments and interest rates vary depending on your
individual credit status and history.
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Maximum Allowable Monthly Payment
& Home Purchase Price
This calculation will calculate both your maximum
monthly mortgage payment and the maximum purchase price of your home based
on the numbers you input. Lenders typically allow the lesser of these
two calculations as your Maximum Monthly Expense:
a) 28% of your monthly gross income,
or
b) 36% of your monthly gross income less any long term
obligations
Estimate my monthly payments.
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