House affordability calculator

Как пользоваться: House affordability calculator

Что считает и когда использовать

This estimates the Главная Цена you could afford, working backwards С your income, existing debts, Первоначальный взнос и the share income lenders typically allow за housing.

Как пользоваться, шаг за шагом

1. Enter household income before Налог и your regular Ежемесячно debt payments.
2. Add your Первоначальный взнос, expected Проценты Ставка и loan Срок.
3. Set property Налог, insurance и any Ежемесячно service charge.
4. Leave the limits По 28% и 36%, или от change them до match your lender.

Что означает каждое поле

• Household income – Gross income За Год.
• Ежемесячно debts – Payments on cards, loans и cars, but not rent.
• Первоначальный взнос – Cash you will put down.
• Property Налог и insurance – Ежегодно costs as a Процент the Цена.
• Housing limit – The maximum share gross income за housing. 28% — the traditional guide.
• All debts limit – The maximum share income за housing plus all other debts. 36% — traditional.

Как читать результаты

• Цена you could afford – Главная Цена По which the Ежемесячно Себестоимость reaches the lower the two limits.
• Ежемесячно housing Себестоимость – The budget available, и which limit set it.
• Mortgage, Налог и insurance – How that budget — divided.

Формула

Housing budget = the lower (income ÷ 12 × housing limit) и (income ÷ 12 × all-debts limit − monthly debts). Price = (budget − charges + deposit × f) ÷ (f + t), where f — the mortgage payment per unit borrowed и t — monthly tax и insurance как доля от Цена.

Пример расчёта

Income 80,000, debts 300 в месяц и 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 — about 296,343 with a 256,343 mortgage.

Допущения и ограничения

• Lenders also consider credit История, savings, job stability и stress-test your payments По higher rates.
• The 28/36 rule — a guide, и lenders в your country may use income multiples instead.
• Налог и insurance are simple percentages price.

Частые ошибки

• Treating the Результат as a lending offer.
• Leaving out upkeep, utilities и moving costs.
• Forgetting that a variable Ставка could raise the payment.

Частые вопросы

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