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.)

$

2. What are your monthly long-term obligations?

 

2a. Monthly auto loan payments:

$

2b. Monthly credit card payments:

$

2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans):

$

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?

$
 
   
   
Life Planning Group
The OMNI Building - 333 Earle Ovington Blvd - Suite 402 • Uniondale, NY • 11553
Phone: (516) 228-1000 ext 2537 • Fax: (516) 394-2590
• jwknox@htk.com

*Registered Representative of, and Securities and Investment Advisory Services offered through Hornor, Townsend & Kent, Inc.,  (HTK), Registered Investment Adviser, Member FINRA/SIPC

333 Earle Ovington Blvd - Suite 402, Uniondale, NY 11553 (516) 228-1000

Life Planning Group is independent of Hornor, Townsend & Kent, Inc.  HTK is a wholly owned subsidiary of Penn Mutual.

Our representatives are insurance and securities licensed in our resident state of New York, as well as the following states:  New Jersey, Connecticut and Florida.  For additional licensing information please contact Life Planning Group at (516) 228-1000.  Not an offer or solicitation in any state where representatives are not licensed.

HTK does not offer tax, accounting, or legal advice.  Always consult a qualified advisor regarding your individual circumstances.

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