What are your long-term financial security goals and how does homeownership fit into that picture?

This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the “View Report” button. Our mortgage calculator can help you determine what your monthly mortgage ... Can I Afford to Buy a Home? How Do I Get a Mortgage? What Kind of Mortgage ... ... can afford, but does not indicate whether you would qualify for the loan. All fields are required. Monthly Payment Information. Highest payment you can afford Lenders will use your debt to measure your ability to repay a new mortgage. Depending on the type of loan and your lender, the debt-to-income ratio will vary. Jul 16, 2021 ... Never buy a car that costs more than 6 months pay. Never have a mortgage more than 3 1/2 years annual salary. Have 4 months of pay as an ... Apr 22, 2025 ... The lender will determine the size of loan you can afford based on your: Credit history; Income; Assets (items of value such as savings, ... If You Can't Afford Your Payments. 5. Learn About Loan Forgiveness Options. 6. Your Loan Servicer, Explained. 7. Get Support. Review important concepts, tips ... This narrated video helps explain what you can afford based on your debt-to-. Your home comfort zone. This video shows you how your mortgage payment should fit ... The best way to think about how much home you can afford is to consider what your maximum monthly mortgage can be. As a general rule of thumb, lenders limit ... Jan 7, 2025 ... By using the 28 percent rule, your mortgage payments should add up to no more than 28 percent of $8,333, or $2,333 per month. However, there are ...