This calculator will allow to get an idea of how much you can afford to spend on a home. The results are based on calcuating your gross debt service ratio (GDS) which is what most lenders look at when approving you for a mortgage. The GDS is calculated based on your income, monthly debt expenses and costs of home ownership such as property taxes and heating costs. Please fill out the following information and click on the calculate button to view the results. Gross Income (Yearly): $   Interest Rate:    %  Amortization Period:    years  Heating Cost (Yearly): $   Property Tax (Yearly): $   Monthly Condo Fee: $   Monthly Credit/Loan Payments: $   Down Payment: $        or   5 10 25 %  The maximum price of a home that you would qualify for is 0. This is based on you making a down payment of 0. The mortgage you would receive would be for 0 which includes your mortgage insurance premium of $0. Your total monthly payment on you mortgage will be 0. The results of this calculator are not guaranteed since individual circumstances may vary, and all results should be verified by consulting with a qualified mortgage professional. © Richard Mais 2008. All rights reserved. Home | Site Map | Privacy Policy