Coldwell Banker Lewis-Kirkeby-Hall

Yvonne Starostecka
ABR, Broker Associate

Office Phone:

(605) 431-3721

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Affordability Calculator

Are you ready to purchase a home for the first time? Can you afford a mortgage payment? The Mortgage Affordability Calculator will help you estimate a home loan amount that you can afford based on the amounts entered in the fields below: income, debt, down payment, etc.

Annual Income

($)

Monthly Debt

($)

Tip: Car Payments, Credit Cards, Loans

Cash Down Payment

($)

Tip: Not including Points & Closing Costs

Property tax rate

(%)

Tip: 1% = $1000/yr for a 100K house

Home Insurance rate

(%)

Tip: 0.5% = $500/yr for a 100K house

Interest Rate

(%)

Length of Loan

(years)

Lender's Qualification Ratios