Home Affordability  
Shopping for a home can be a very exciting time. But before you begin evaluating neighborhoods and housing options, you’ll need to know just how much you can afford to spend. This calculator is designed to give you an estimate of the amount of financing you can expect to get when you begin house hunting.
     

1. What is your current annual pre-tax income?
(Include all sources of income, including salary, interest, dividends, etc.)

$

2a. What are your monthly long-term obligations?
Monthly auto loan payments:

$

2b.Monthly credit card payments:

$

2c. Monthly association fees/dues:

$

2d. Monthly spousal/child-support payments:

$

2e. Other monthly obligations:

$

3. What would the interest rate be on your mortgage?

%

4. What would the term (length) of the loan be (in years)?

5. How much money do you have available for the down payment?

$
 
   
   
Madison Wealth Managers
646 Plank Road, Suite 200
Clifton Park, NY 12065
Phone: 518.348.7770
Fax: 518.371.4718

100 Glen Street, Ste. 2A
Glens Falls, NY 12801
Phone: 518.338.3700
Fax: 518.338.3684

Toll Free: 888.376.6460
www.madisonmanagers.com • info@madisonmanagers.com

 Madison Wealth Managers, LLC  Call us at 888-376-6460 

 Pershing LLC, , a subsidiary of Bank of New York Mellon, custodian,
Securities offered through American Portfolios Financial Services, Inc. Member FINRA/SIPC.
Investment advisory services offered through American Portfolios Advisors, Inc., an SEC Registered Investment Advisor