Affordability Calculator - CityWorth Homes

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Income
Gross Monthly Income (before tax)^*
Maximum Housing Expense 30%
(M1) Max Monthly Payment Based on Income	7500.00

Monthly Debts
Current Monthly Debts^*
Maximum Debt-to-Income Ratio 40%
(M2) Max Monthly Payment Based on DTI	7500.00
Maximum Monthly Payment (lower of M1,M2)	7500.00

Monthly Housing Expenses
Property Tax (Monthly)^*
Home Owners Insurance (Monthly)^*
PMI (private mortgage insurance)^*
HOA Fees^*
(M3) Max PI Payment Based on Expenses	7500.00

Available Funds
Available Funds^*
Fixed Closing Costs^*
Variable Closing Costs (based on price)^*
Minimum Down Payment	5%
Maximum Home Price Based on Funds	7500.00
(M4) Max PI Payment Based on Funds	7500.00
Maximum PI Payment (lower of M3,M4)	7500.00

Financing
Term of Mortgage (years)^*
Annual Interest Rate^*
Loan Amount Based on Max PI Payment	7500.00
Down Payment Based on Available Funds	7500.00
Total Estimated Closing Costs	7500.00
Maximum Home Price	7500.00

Estimated Home Price

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123456.00

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Loan Amount

Down Payment

Est. Closing Costs