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This formula can help you crunch the numbers to see how much house you can afford. Using Bankrate.com’s tool to calculate your mortgage payments can take the work out of it for you and help you.
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How Much Home can I Afford? How We Calculate it.. The average American household income is $73,298, assuming you have no monthly debt payments you can afford a home priced at $285,000 with a 3.5% ($10,000) down payment for $1,800 per month. Our home affordability calculator takes several factors to determine what you qualify for.
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Find out how much you can afford to borrow with NerdWallet’s mortgage calculator. Just enter your income, debts and some other information to get NerdWallet’s recommendation for how big a mortgage.
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How much house can you afford to finance? This calculator can help you determine an affordable monthly payment so that you know what you can afford before.
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