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?

$
 
   
   
National Legacy Group
210 Park Avenue • Florham Park, NJ • 07932
Phone: 973-538-9100 • Fax: 973-540-1155
• rich.donna@pennmutual.com

*Registered Representative of, and Securities and Investment Advisory services offered through Hornor, Townsend & Kent, Inc., (HTK), Registered Investment Advisor, Member FINRA/SIPC, 210 Park Avenue, Florham Park, NJ  07932  973.538.9100. National Legacy Group, Prime Financial Services and other listed entities are independent of HTK.  HTK is a wholly owned subsidiary of the Penn Mutual Life Insurance Company, and does not offer tax or legal advice.

We have associates who are licensed/registered to offer life insurance and securities in our resident state of New Jersey, along with various other states.  For additional licensing information please feel free to contact us at (973)538-9100. Not an offer of solicitation in any state not properly license/registered.

A1RB-1110-05

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