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Price range, based on income and downpayment
The following table will show you what price range you qualify for, based on individual or combined income and downpayment. Please view our examples in the table below.
Note that these tables are examples based on an interest rate of 6.25% and an amortization period of 25 years. Coming soon: you will be able to add your own customized columns to the charts.
| Income | 40,000 | 60,000 | 80,000 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| % Downpayment | 5 | 10 | 25 | 5 | 10 | 25 | 5 | 10 | 25 |
| Downpayment | 7,150 | 15,094 | 45,282 | 11,332 | 23,924 | 71,772 | 15,515 | 32,754 | 98,262 |
| Maximum Price | 143,000 | 151,000 | 181,000 | 227,000 | 239,000 | 287,000 | 310,000 | 328,000 | 393,000 |
| Income | 40,000 | 60,000 | 80,000 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Max. Monthly Payments | 1067 | 1067 | 1067 | 1600 | 1600 | 1600 | 2133 | 2133 | 2133 |
| Monthly Taxes | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 |
| Monthly P + I | 912 | 912 | 912 | 1445 | 1445 | 1445 | 1978 | 1978 | 1978 |
| Interest Rate | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| Max. Mortgage (incl. Ins.) | 139,241 | 139,241 | 139,241 | 220,698 | 220,698 | 220,698 | 302,155 | 302,155 | 302,155 |
| Insurance Premium | 3396 | 3396 | 3396 | 5383 | 5383 | 5383 | 7370 | 7370 | 7370 |
| Max. Mortgage | 135,845 | 135,845 | 135,845 | 215,315 | 215,315 | 215,315 | 294,785 | 294,785 | 294,785 |
| Percent Downpayment | 5% | 10% | 25% | 5% | 10% | 25% | 5% | 10% | 25% |
| Downpayment | 7,150 | 15,094 | 42,282 | 11,332 | 23,924 | 71,772 | 15,515 | 32,754 | 98,262 |
| Maximum Price | 142,994 | 150,938 | 181,126 | 226,647 | 239,239 | 287,086 | 310,300 | 327,539 | 393,047 |
| Income | 40,000 | 60,000 | 80,000 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Max. Monthly Payments | 1067 | 1600 | 2133 | ||||||
| Monthly Taxes | 155 | 155 | 155 | ||||||
| Monthly P + I | 912 | 1445 | 1978 | ||||||
| Interest Rate | 6.25% | 6.25% | 6.25% | ||||||
| Max. Mortgage (incl. Ins.) | 139,241 | 220,698 | 302,155 | ||||||
| Insurance Premium | 3396 | 5383 | 7370 | ||||||
| Max. Mortgage | 135,845 | 215,315 | 294,785 | ||||||
| Percent Downpayment | 5% | 10% | 25% | 5% | 10% | 25% | 5% | 10% | 25% |
| Downpayment | 7,150 | 15,094 | 42,282 | 11,332 | 23,924 | 71,772 | 15,515 | 32,754 | 98,262 |
| Maximum Price | 142,994 | 150,938 | 181,126 | 226,647 | 239,239 | 287,086 | 310,300 | 327,539 | 393,047 |