The Woodlands Homes - What Can I Afford?


See if Your Income is Sufficient for the House You Want
Desired Mortgage for New Home $   ( Don't enter $ or commas )

Mortgage Length

Years
Interest %
Annual Tax $   ( Don't enter $ or commas )
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc). $   ( Don't enter $ or commas )
 
Summary
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
Salary conditions:
  1. Your pre-tax monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. Your pre-tax monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
NOTE: This is only an estimate, based on standard program guidelines. Other loan types may be available.

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