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Gregg Buck
CENTURY 21 Altus Prestige Realty
1009 E. Tamarack Rd
Altus, OK 73521
580.482.0621 Office
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Rental Manager
Joan Jones
rentals@swbell.net

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.

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