Your Real-Team Regal Realty, Inc.
5325 Ridge Rd
Parma, OH 44129
888-391-TEAM Office
440-888-3067 Fax Email
How Much Can You Afford?
Are you interested in finding out how much home you can afford? Lenders often use a 28% housing ratio. This means that your projected housing costs (including mortgage payment, taxes, and insurance) should be no more than 28% of your gross monthly income. A lender using this ratio figures a family earning $2,500 a month can afford a monthly housing cost of $700. Use this calculator to estimate what mortgage you qualify for.
