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For a complete explanation of what this calculator does and what information you will need to provide for proper analysis, simple click on the “Help” tab above.
 YOUR LOAN: How much will the bank lend you?
Gross monthly income 
Monthly debt payments 
Monthly real estate tax and insurance 
Mortgage insurance 
 Your ratios
 Ratios allowed
 
Housing ratio    Monthly
Payment
 
Total obligation ratio     
Loan Term 
Interest rate 
Amount you can borrow   
 
 YOUR INITIAL CONTRIBUTION: Down payment
Estimated equity in your current home 
Selling costs  
Closing costs 
Savings you can spend 
Amount you can use for your down payment  
 
 Amount of house you can afford  
Percentage of total price covered by your down-payment  
Amount of house you could buy if this down payment were (%) percent of total price    
   
 
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