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?

$
 
   
   
Budd, Melone & Company, LLC
Budd, Melone & Co. LLC MI Office
3121 University Drive
Suite 180
Auburn Hills, MI 48326
248-499-8704
Fax 248-499-8721

Budd, Melone & Co. LLC TN Office
725 Cool Springs Blvd.
Suite 600
Franklin, TN 37067
615-567-3056
Fax 615-567-3086
Phone:
Toll Free 877-293-5830
• lmelone@wfafinet.com jbudd@wfafinet.com mlanderson@wfafinet.com