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Estes Park Mortgages

Can you afford that house?

This mortgage affordability calculator will let you know how much income you must be able to verify in order to qualify for a certain price home. Simply fill out the first seven fields and the calculator will let you know if your income is sufficient to qualify!

This calculator assumes that no more than 28% of your pretax income will be spent on housing and no more than 36% of pretax income will be spent on required payments including housing. If you have good credit and are able to verify income, these ratios may be higher. Higher ratios would allow you to qualify for a larger loan based on the same income.

Anticipated Purchase Price:
What are you able to put down on the home?
Term of Intended Mortgage:
Anticipated Interest Rate (%)
Annual Property Taxes:
Annual Homeowners Insurance:
Other Required Payments (annual total):
Include: auto and Personal Loans, credit card payments.
Exclude: utilities, insurance premiums, groceries, clothing, entertainment, etc.

Results:

Anticipated Mortgage Amount:
Expected Monthly Principal and Interest Payment:
Total of Monthly Required Payments:
PITI plus other required payments.
Required Annual Income to Qualify:

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