Home Affordability  
Shopping for a home can be a very exciting time. But before you begin evaluating neighborhoods and housing options, you’ll need to know just how much you can afford to spend. This calculator is designed to give you an estimate of the amount of financing you can expect to get when you begin house hunting.
     

1. What is your current annual pre-tax income?
(Include all sources of income, including salary, interest, dividends, etc.)

$

2a. What are your monthly long-term obligations?
Monthly auto loan payments:

$

2b.Monthly credit card payments:

$

2c. Monthly association fees/dues:

$

2d. Monthly spousal/child-support payments:

$

2e. Other monthly obligations:

$

3. What would the interest rate be on your mortgage?

%

4. What would the term (length) of the loan be (in years)?

5. How much money do you have available for the down payment?

$
 
   
   
Russ Watson, russwatson.com
201 Ditto St. Ste A/
P.O. Box 180		 • Archbold, OH • 43502
Phone: 800-686-2598 /
Local calls 419-446-2598		 • Fax: 419-446-9390
www.russwatson.com • russell.watson@pesmail.com

"Remember...the power of kindness, the worth of character, the pleasure of working, the success of perseverance, the obligation of duty, the influence of example and the value of time." -- Unknown

 

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Advisory Services offered through Investment Advisors, a division of ProEquities, Inc., a Registered Investment Advisor. Securities offered through ProEquities, Inc., a Registered Broker/Dealer and member FINRA/SIPC, 2801 Highway 280 S. Birmingham AL 35223 (800) 288-3035.Russ Watson Insurance Agency and Financial Planning is independent of ProEquities, Inc.