Home Affordability  
Shopping for a home can be a very exciting time. But before you begin evaluating neighborhoods and housing options, you’ll need to know just how much you can afford to spend. This calculator is designed to give you an estimate of the amount of financing you can expect to get when you begin house hunting.
     

1. What is your current annual pre-tax income?
(Include all sources of income, including salary, interest, dividends, etc.)

$

2. What are your monthly long-term obligations?

 

2a. Monthly auto loan payments:

$

2b. Monthly credit card payments:

$

2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans):

$

3. What would the interest rate be on your mortgage?

%

4. What would the term (length) of the loan be (in years)?

5. How much money do you have available for the down payment?

$
 
   
   
Financial Partners Of Tennessee LLC
2100 White Ave • Knoxville, TN • 37916
Phone: 865-558-8182 • Fax: 865-558-8183
• John.Fawaz@lpl.com

Securities, advisory, insurance and financial planning services offered through LPL Financial, a Registered Investment Advisor and its affiliates. Member FINRA/SIPC.

The LPL Financial Registered Representative associated with this site may only discuss and/or transact securities business with residents of the following states: GA, ID, KY, MS, OH, TN.

 The investment products sold through LPL Financial are not insured credit union or bank deposits and are not NCUA or FDIC insured. These products are not obligations of the credit unions or banks mentioned on the Strategic Alliances page of this site and are not endorsed, recommended or guaranteed by the credit union or bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.