Price Range

Use this handy calculator to help figure out how much you can afford to spend on a home.

Enter your Gross Annual Income (before taxes):	$
Gross Monthly Income:	$
Monthly Allowable Housing Expense and Long-Term Obligations 38% of gross monthly income is usually allocated for prinicpal, interest, taxes, insurance, and monthly long-term obligations	$
Enter your Monthly Obligations Credit Cards, Child Support, Car Loans, etc.	$
Monthly Allowable Housing Expense Should not exceed 33% of monthly income	$
Monthly Principal and Interest Payment 80% of the Allowable Housing Expense is usually allocated to the principal and interest, excluding taxes and insurance	$
Estimated Mortgage Amount 8% loan amortized over a 30-year term	$
Estimated Affordable Price 80% of the estimated mortgage amount, assuming a 20% down payment	$

If you would like our help with this worksheet, ask your Sales Associate or cbbogen@coldwellbanker.com

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