Courtesy of John and Raine Curtis, REALTOR®

How Big A Mortgage Can I Afford?

Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too.

This calculation assumes a 28-percent income tax bracket. If your bracket is higher, your savings will be too.

Rent: _________________________

Multiplier: X 1.32

Mortgage payment:__________________

Because of tax deductions, you can make a mortgage payment—including taxes and insurance—that is approximately one-third larger than your current rent payment and end up with the same amount of income.

To determine what your monthly mortgage payment would be on various loan amounts, visit

http://www.realtor.org/realtororg.NSF/pages/FMCalculators?OpenDocument&Login

www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® . Copyright 2003. All rights reserved.

Click here for printer-friendly format

Contact Us

Thank you for taking the time to visit our website.  Let us know how we can be of service to you!  If you need to speak with us immediately, Chat Live with us on the "About Us" Page or give us a call anytime!

Your Contact Info * Required fields are blue

First Name Last Name

E-mail

Phone

What Are You Looking For?

Property Type Choose one Single-family Multifamily Town-Home Condo Land Commercial Investment Residential Patio-Home Price Range Choose min $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000  to  Choose max $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000

Desirable Towns or Communities

Bedrooms Choose one 1+ 2+ 3+ 4+ 5+ any Bathrooms Choose one 1+ 1+ 2+ 3+ 4+ 5+ any Square Footage any 600+ 800+ 1000+ 1200+ 1800+ 2000+ 2250+ 2500+ 2750+ 3000+ 3500+ 4000+

Time Frame Immediately Three months Six months Six to twelve months Three to six-months Twelve to twentyfour months One year

Your Address

Address City

State/Province Choose one Alabama Alaska Alberta Arizona Arkansas British Columbia California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Manitoba Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Brunswick New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Ontario Oregon Pennsylvania Puerto Rico Rhode Island Saskatchewan South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington Washington DC West Virginia Wisconsin Wyoming ZIP/Postal Code

Your Message