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Loan Affordability

To determine how much you can afford to borrow, just enter the amount of each payment, the number of payments per year, and the term (number of years).

If the payment amount includes your real estate taxes, home insurance payments, and PMI, you need to enter those amounts in the fields provided. The system will divide those numbers by the number of payments for you. For instance, if you are making monthly payments, 1/12 of the taxes, insurance and PMI payments are assumed to be included in the total payment amount that you entered.

With regular payments of ...
At an interest rate (ex. 6.125) of... %.
The payments will be made  times a year.
The term of my loan will be  years.
Enter beginning month and year of loan
* My estimated YEARLY real estate taxes are...
* My estimated YEARLY insurance costs are...
* My estimated Yearly PMI Payments are...

I can afford to borrow ...
My regular payments WITHOUT taxes and insurance...
My regular payments WITH taxes and insurance...
The total interest paid will be...
The total interest and principal will be...
 * Optional  Note: Amortize may take several seconds