Pat Bradley-Falke - Real Estate in Dayton, Ohio

If you do not know the price of home that you can afford, then use one of these two calculators to determine both your maximum monthly payment and total home value that you can afford. It should be noted that these calculations are only an approximation. Talk to a lender to determine your actual payments and the maximum amount that you can afford to finance.

Total Debt Ratio Method (36%)

	Example	Actual
Gross Monthly Income:	$4,500		Dollars
	x 36%	x 36%
Current Monthly Payments:
Total Car Payments:	$200		Dollars
Total Alimony/Child Care Payments:	$0		Dollars
Total Other Loan Payments:	$50		Dollars
Total Other Recurring Payments: Do not include your food, current housing, or utility bills.	$0		Dollars
Maximum Monthly Payment: Includes principal, interest, taxes and insurance	$1,370

Standard Payment Calculator

Purchase Price :	Dollars
Interest Rate :	Percent
Down Payment :	Dollars
Semi-Annual Property Taxes :	Dollars
Estimated Yearly Insurance :	Dollars
Term of Mortgage :	Years

More Information

For more accurate information about what your mortgage payments would be for your particular finincial situation, we recommend you contact a Mortgage Loan Specialist such as one of the following:

Tammy Strader at Countrywide Home Loans.