House affordability calculator

Como usar a House affordability calculator

O que calcula e quando usar

This estimates the Início Preço you could afford, úteis backwards de your income, existing debts, Entrada e the share de income lenders typically allow por housing.

Como usar, passo a passo

1. Enter household income antes Imposto e your regular Mensal debt payments.
2. Add your Entrada, expected Juros Taxa e loan Prazo.
3. Set property Imposto, insurance e qualquer Mensal service charge.
4. Leave the limits A 28% e 36%, ou change them a match your lender.

O que significa cada campo

• Household income – Gross income Por Ano.
• Mensal debts – Payments on cards, loans e cars, but not rent.
• Entrada – Cash you will put down.
• Property Imposto e insurance – Anual costs as a Porcentagem de the Preço.
• Housing limit – The maximum share de gross income por housing. 28% é the traditional guide.
• All debts limit – The maximum share de income por housing plus all other debts. 36% é traditional.

Como ler os resultados

• Preço you could afford – Início Preço A which the Mensal Custo reaches the lower de the two limits.
• Mensal housing Custo – The budget available, e which limit set it.
• Mortgage, Imposto e insurance – How that budget é divided.

A fórmula

Housing budget = the lower de (income ÷ 12 × housing limit) e (income ÷ 12 × all-debts limit − monthly debts). Price = (budget − charges + deposit × f) ÷ (f + t), where f é the mortgage payment per unit borrowed e t é monthly tax e insurance como parte de Preço.

Um exemplo prático

Income de 80,000, debts de 300 por mês e a 40,000 deposit at 6.5% over 25 years. The 28% limit gives 1,866.67 a month, below the all-debts limit, so the estimate é about 296,343 with a 256,343 mortgage.

Premissas e limites

• Lenders also consider credit História, savings, job stability e stress-test your payments A higher rates.
• The 28/36 rule é a guide, e lenders em your country may use income multiples instead.
• Imposto e insurance are simple percentages de price.

Erros comuns

• Treating the Resultado as a lending offer.
• Leaving out upkeep, utilities e moving costs.
• Forgetting that a variable Taxa could raise the payment.

Perguntas frequentes

Ferramentas relacionadas