Solutions Plus Mortgage - Estimate of Affordability Calculator

This worksheet is intended to provide a general idea of what you can afford in a house. The accuracy of the "answer" is, of course, dependent on the accuracy of the data you enter but, in any case, is only an estimate, since different Lenders and Lender's Programs have different requirements. Here is an explanation of a few of the terms.

Gross Annual Income is the total of all sources of your regular income.
Monthly Long Term Debt is the sum of your monthly payments on debt that will not be paid off in the next 6 months (car payments, credit card payments etc.)
Tax & Insurance Rates are based on the value of the property. If you don't know, use the defaults by pressing "Enter" at those fields.

                                                                                                                                                                                                                                Gross Annual Income (before taxes) 
Monthly Long Term Debt             
Cash available for down payment    
Property Tax Rate (in %)           
Home Owner's Insurance rate (in %) 
Loan Annual Interest Rate (in %)   
Term of the loan (in years)

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solutions PLUS mortgage is a member of: The National Association of Mortgage Brokers, The Wisconsin Association of Mortgage Brokers, The Iowa Mortgage Bankers Association, and The Wisconsin Mortgage Bankers Association, and is licensed in Wisconsin, Iowa, Michigan, Minnesota, Kansas.

You are protected by the Right to Financial Privacy Act of 1978 that all financial and credit information will be kept confidential and that the release of any information will require your personal approval.