Mortgage - Loan Amount
How Much Can You Afford To Borrow?
Once you know how much you can afford monthly, use this table to calculate how much you can borrow. Add your downpayment to get an approximate househunting price range.
|
Monthly Payment ** |
5% |
7% |
9% |
11% |
|
$467
|
$86,995
|
$70,194
|
$58,040
|
$49,038
|
|
$583
|
$108,603
|
$87,630
|
$72,457
|
$61,219
|
|
$700
|
$130,399
|
$105,216
|
$86,998
|
$73,505
|
|
$817
|
$152,194
|
$122,802
|
$101,539
|
$85,791
|
|
$933
|
$173,803
|
$140,237
|
$115,956
|
$97,971
|
|
$1,050
|
$195,598
|
$157,823
|
$130,497
|
$110,257
|
|
$1,167
|
$217,393
|
$175,409
|
$145,038
|
$122,543
|
|
$1,400
|
$260,797
|
$210,431
|
$173,995
|
$147,009
|
|
$1,633
|
$304,201
|
$245,453
|
$202,953
|
$171,476
|
|
$1,867
|
$347,791
|
$280,625
|
$232,035
|
$196,047
|
|
$2,333
|
$434,599
|
$350,668
|
$289,951
|
$244,980
|
** Principle and interest only; taxes, insurance and any homeowner fees not included. These will raise your monthly payment and reduce the amount of principle and interest and total loan amount you can afford. Loan amounts are based on a 30-year fixed-rate mortgage.
|
