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.)

$

2a. What are your monthly long-term obligations?
Monthly auto loan payments:

$

2b.Monthly credit card payments:

$

2c. Monthly association fees/dues:

$

2d. Monthly spousal/child-support payments:

$

2e. Other monthly obligations:

$

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?

$
 
   
   
Michael Moffitt - Cornerstone Financial Group
604 W. Adams St. (Branch Office) • Creston , IA • 50801

641-782-5577

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2910 Westown Parkway,
Suite 300
West Des Moines, IA 50266

515-251-4515,




Or 800-827-5577 throughout Iowa

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• Fax: 641-782-4104
www.cfgiowa.com • mikem@cfgiowa.com

Information contained herein is based on sources believed reliable, but is not guaranteed and is not to be construed as an offer or the solicitation of an offer to buy or sell products mentioned herein.


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