Home HOME SEARCH Appreciation Rates Contact Me Free Home Valuation Home Search from Cell

 

How much home you can afford.

 

Mothly payments on accounts, auto, credit card, loans

+___________

+___________

+___________

=Total monthly debt (A)______________

 

Gross Monthly income before taxes: (B) _______________

X .36 ______________

= Allowable ____________

Total Monthly debt (C)

Monthly allowable total Debt (C) _________

Minus Monthly debt -(A)_____________

= Monthly allowable  PITI (D) _____________

Less 20% for taxes and insurance  X.80% _____________

= Allowable principal/interest only (E) _______________

 

Grosee monthly income (B) ____________________

X.28 ___________________

= Monthly allowable PITI  (F)  _______________

(Less 20% for taxes and insurance): X.80 ________________

= Allowable principal/interest only (G) _____________

payment: enter lesser or (E) or (G):   (H)____________

 

Using Chart above: Loan Amount: _________________

Find current interest rate, for 20% down: divided by .80 ______________

Locate payment amount in  = Home price _______________

That column close to your principla and interest (H)   Loan Amount: ________________-

Find loan amount to the left and enter it here;   for 10% down ________________(div by .90)

= Home price ____________________

 

Formula is only a guide and not to be construded as actual lending calculations. Contact your loan officer to determine more accurate information.

 

Utah Real Estate and Utah Home Search!

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

Your Information
Property Information