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?

$
 
   
   
Jim Stephan, www.jimstephan.com
James E. Stephan
Financial Advisor, Securities America Advisors, Inc.
Registered Representative, Securities America, Inc. Member FINRA/SIPC
Business Park West, 3334 19th Street NW, Suite #201
Rochester, MN 55901
Phone: 507-287-6160
Toll-free 1-888-287-6160		 • Fax: 1-888-800-9815
• jim@jimstephan.com

 Email Jim for Your Retirement Solutions Today! 

Jim@JimStephan.com

James Stephan is a Financial Advisor of Securities America Advisors, Inc., offering advisory services through Securities America Advisors, Inc. James Stephan is also a Registered Representative of Securities America, Inc. Member FINRA/SIPC, offering securities through Securities America, Inc.  Securities America and its representatives do not offer estate planning, tax or legal advice: these services are offered in conjunction with a qualified professional. Information provided herein is a summary of our understanding of the current estate law, is not exhaustive, is subject to change and should not be used or relied on for investment or legal advice. Please note that EverBank and Securities America, Inc. are not affiliated entities and that non-banking investments offered by Jim Stephan thorugh Securities America, Inc. are not FDIC insured, not guaranteed by a bank, and can lose value. EverBank Money Market saving and checking bank programs are FDIC insured as offered to you by Jim Stephan of Securities America.