Find Out How Much You Can
Afford in Your Next Home

Use this mortgage calculator to figure out what kind of house you can afford. There are two ways to use this calculator:

1. Enter the amount of a mortgage in the "Mortgage Amount" field and click on the "Calculate" button beside the "Monthly Payments" field to determine the monthly payments for the home.

2. Enter the amount of monthly payment you want to pay in the "Monthly Payments" field and click on the "Calculate" button beside the "Mortgage Amount" field to determine the mortgage you can afford.

(Today's rates are just below)

Enter the terms you are considering:
Purchase Price The total cost of the house (ie. 100000 for $100,000).
Length of Mortgage in Years Total number of years you will pay the mortgage.
Annual Interest Rate The interest on your loan.	%

Here are your results:
% Down	Down Payment	Monthly Payment	Interest Paid First 12 Months	Estimated Annual Income to Qualify^*
0%	No Downpayment
5%
10%
15%
20%
*^Based upon 28% eligibility from the total principal.**

This calculator is provided for your convenience. Consult a mortgage professional before making any financial decisions.

Note: In order for the calculator to function your browser must support Java Script. Current versions of Internet Explorer, Netscape and AOL for Win95 are examples of Browsers supporting Java.

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Marty & Laurie and The Gale Team

CREABROKER

Find Out How Much You Can Afford in Your Next Home

Find Out How Much You Can
Afford in Your Next Home