HOW MUCH CAN WE AFFORD?
When shopping for a new home, the first step is to figure out how much you can afford!
Affordability is based on your household income, your personal monthly expenses (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs). Our calculator below will show you the maximum purchase price that you can afford.
You'll also need to determine if you have enough cash resources to purchase a home. The cash required is derived from the down payment put towards the purchase price plus the closing costs that must be incurred to complete the purchase. We can help you estimate these closing costs with first tab under our affordability calculator.
Affordability is based on your household income, your personal monthly expenses (car payments, credit expenses, etc.), and the expenses associated with owning a home (property taxes, condo fees, and heating costs). Our calculator below will show you the maximum purchase price that you can afford.
You'll also need to determine if you have enough cash resources to purchase a home. The cash required is derived from the down payment put towards the purchase price plus the closing costs that must be incurred to complete the purchase. We can help you estimate these closing costs with first tab under our affordability calculator.
