MAIN REALTY, INC.
929 E. Broadway
Altus, Ok 73521
580-482-6700 phone
580-482-7000 fax

Robert Welch
Broker

Michelle Coe
Broker

Alan Boyd
Associate
580-512-7062
alrabo69@yahoo.com

Renee Boyd
Associate
580-512-7049 cell
reneeaboyd@yahoo.com

Lyle Bertram
Associate
580-301-0558 cell
jessie_bertram@yahoo.com

580-482-6700 Office
Email

How Much Can You Afford?

Are you interested in finding out how much home you can afford? Lenders often use a 28% housing ratio. This means that your projected housing costs (including mortgage payment, taxes, and insurance) should be no more than 28% of your gross monthly income. A lender using this ratio figures a family earning $2,500 a month can afford a monthly housing cost of $700. Use this calculator to estimate what mortgage you qualify for.

Monthly Income

Salary/Wages:

Other Income:

Monthly Housing Expenses

Property Taxes

Home Insurance:

Other Monthly Expenses

Auto Payments:

Credit Cards and Other Payments:

Loan Term & Interest Rate

Loan Term:

Yrs

Interest Rate:

Results

You may qualify for a maximum monthly mortgage payment (P+I) of:

You may qualify for a maximum loan amount of:

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