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Wednesday Nov. 19, 2008
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Your Christmas Budget This Year vs Last
I'll spend more!
I'll spend about the same
My credit card company will be VERY happy
I'll spend slightly less
I'll spend much less
Can you say Socks & Underwear?


Peoria Homes - What Can I Afford?

See if Your Income is Sufficient for the House You Want
Desired Mortgage for New Home $   ( Don't enter $ or commas )

Mortgage Length

Years
Interest %
Annual Tax $   ( Don't enter $ or commas )
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc). $   ( Don't enter $ or commas )
 
Summary
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
Salary conditions:
  1. Your pre-tax monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments.
  2. Your pre-tax monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
NOTE: This is only an estimate, based on standard program guidelines. Other loan types may be available.

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