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What Is the Home Value You Could Afford?

We often think that buying a house only involves replacing the rent with the mortgage payments. This is far from the truth; considerable expenses other than the mortgage payment are added when purchasing a house. It is highly recommended to calculate a budget before engaging yourself into buying a property.

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Please change the suggested values with your own in the blue text boxes.

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Initial Payments

Purchase of the property and other fees

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Cash Down and Renovations

Monthly Payments

Mortgage

$
years
%

Monthly Current Expenses

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/ month
/ month
/ month
/ month
/ month
 

Total Initial Payment

$

Total Payment Each Month

$
 
 
 
Numbers in our calculators are rounded to two decimals.
The same calculations made in an Excel spreadsheet may differ slightly.

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