What Can You Afford?
(Go to Mortgage and Price Worksheet)

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Before you actively begin to look for a home, one of the first things you need to determine is the price range of the home you can comfortably afford. The following worksheet will help you estimate that range by including the down payment and mortgage loan amount "PITI" (Principle, Interest, Taxes and Insurance) that will work best for your individual situation.

Begin the mortgage dialog early; the home buying process can be made easier by becoming pre-approved, or at least pre-qualified, before you settle on a particular home.

Pre-approved
Your mortgage lender has reviewed your formal mortgage application and financial records, completed a satisfactory credit check and approved you for a specific loan amount, subject to an appraisal and possibly an inspection of the home you decide to purchase.

Prequalified
Your income, employment history and your available down payment qualify you as a potentially approvable mortgagee, subject to a mortgage lender's approval of a completed application, satisfactory credit check, home appraisal, and home inspection.

Simply fill in the spaces below and press the CALCULATE button. Only use this as a guide to help determine the mortgage and price range of the home you may be qualified to buy. ALWAYS confer with an expert as soon as possible to more precisely determine the range that best fits your individual needs and qualifications.