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?

$
 
   
   
Hendrixson and Associates, Inc.
255 Great Valley Parkway, Suite 130 • Malvern , PA • 19355-1300
Phone: 610-647-3866or 888-323-5155 • Fax: 610-647-3877
www.hpfs.biz • Michael.Hendrixson@LFG.com Richard.Pinola@LFG.com

Mike Hendrixson* is securities licensed in CA, DE, FL, GA, ME. MA, MD, MO, NC, NJ, NV, OH, OR, PA, TX, UT, and VA.. He is Life Insurance licensed in CA (CA Inusrance License #OA08677), CT, DE, FL, GA, KS,MA, MI, MD,MS, NC, NJ, NV, NY, OR, PA, SC, TX, and VA.

Ric Pinola* is securities licensed in CA, CT, DE, DC, FL,  GA, MD, NJ, NY, PA and VA.. He is Life Insurance licensed in CT, NJ and PA.

Judy Nigro is Life and Health Insurance licensed in PA.

*Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Firm disclosure information available at www.LFG.com.     Lincoln Financial Network is a marketing name for Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corporation, both members of FINRA and SIPC.  Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.  CRN:  200910-2035565.