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.
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.
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.
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1 comment:
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.
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