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.)

$

2. What are your monthly long-term obligations?

 

2a. Monthly auto loan payments:

$

2b. Monthly credit card payments:

$

2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans):

$

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?

$
 
   
   
Medallion Financial Resources
211 Nokomis Ave. South • Venice, FL • 34285
Phone: 941-486-0305 • Fax: 941-485-5626
• jball@woodburyfinancial.net

Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc.  Member FINRA,SIPC and Registered Investment Advisor.  Medallion Financial Resources and Woodbury Financial Services are not affiliated entities.  Services are offered only in states where we are licensed to conduct business. Licensed in FL and IA.