Saturday, September 13, 2008

How Much House Can I Afford (Revisited)

Having sold my condominium, I am revisiting a calculator to find out how much house I now can afford (previous amount was $281,000).

My new inputs are:

And the results are:

I am now limited by the front end ratio of 28%. The total mortgage amount comes at $242,000 at 5.5%, and the total house value at $322,000.

1 comment:

Ryan said...

Great analysis. I'll definitely be using this as I will soon be in the market. Hopefully I can get this real estate market at the bottom!

Great blog.

Also, thanks for checking out