Can I afford that house?

How much house can I afford?

How much would a typical lender let me borrow? Use the following calculator to get a conservative idea of what a typical lender may think you can afford. The calculator will also tell you the what factors may limit your planned purchase or what variables may restrict your loan options. Keep in mind that, while many lenders have strict guidelines as to how much they will lend you based on your financial information, other lenders have more flexible programs. To learn more about the flexible loan programs that Quicken Loans offers, go online to www.quickenloans.com or read more about the loans they offer.

	Gross income:
	Monthly loan & debt payments:		What are my monthly loan & debt payments?
	Cash available:		How much of a down payment will I need?
	Interest rate:		Get current mortgage rates online
	Mortgage term:		Learn about mortgage types
	Maximum monthly payment:		Monthly payment considerations

What a lender would typically let you borrow:
Monthly payment:
Final sales price:
Loan amount:
Down payment:
Down payment (%):
Closing cost:

How are these values determined?

Do I want to spend this much?

What are the tax implications?

Visit QuickenLoans.com online to compare rate/loan calculations