How Much Can I Afford?

Not sure how much you can afford with a mortgage ?

Thinking of buying a house, but unsure of just how much house you can afford. Complete the form below to determine the size of mortgage for which you could qualify.

How Much Can I Afford?

Annual Income
Monthly Debt (Car payments, credit cards, student loan payment etc.)
Cash in hand for down payment
Property tax rate (1% = $1000/yr for 100K house)
Home Insurance rate (0.5% = $500/yr for 100K house)
Interest Rate (%)
Length of Loan (years)
 

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This calculator is provided to assist you with your financial decisions. The result does not necessarily reflect a First Minnetonka City Bank calculation. Please contact the bank for information regarding specific FMCB products.

 

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Disclaimer
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The Fair Housing Act prohibits discrimination in housing because of:

Mission

Enforce the Fair Housing Act and other civil rights laws to ensure the right of equal housing opportunity and free and fair housing choice without discrimination based on race, color, religion, sex, national origin, disability or family composition.

Major Goals

1. Reduce discrimination in housing by doubling the Title VIII case load by the end of 2000 through aggressive enforcement of civil rights and fair housing laws;

2. Promote geographic mobility for low-income and minority households;

3. Integrate fair housing plans into HUD's Consolidated Plans;

4. Further fair housing in other relevant programs of the Federal government; and

5. Promote substantial equivalency among state, local and community organizations involved in providing housing.