Ciccone, Gotthold & Koseff, CPA'S

Affordable Home Calculator
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This calculator will give you an estimate of the dollar value of property for which a lender may qualify you for based on your income and other factors. This is only an estimate, of course. Other factors, such as your credit rating also count. This calculator uses the conventional mortgage guidelines which allow you to spend up to 28% of your gross monthly income on housing expense ("PITI") and 36% for total of PITI and other credit debt. Other loans may have higher limits.

Please do not enter commas or cents. Also, do not include current, non-credit debt such as utility payments.***

Annual Income
Monthly Minimum Credit Payment Total
(Include car, credit card, student loan, personal loan, child care payments, etc.***)
Down Payment
Property Taxes as a per cent of Purchase Price
(2.5% = $2500 per year for 100K house)
Property Insurance as a per cent of Purchase Price
(0.35% = $350 a year for 100K house)
Interest Rate (%)
Loan Term (In Years)
 

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