**Annual Gross Income**($):

**Monthly Debt**($):

(Car loan, creadit card,

student loan payments, etc.)

student loan payments, etc.)

**Property Tax**($/yr):

**Home Insurance**($/yr):

**Down Payment**($):

**Interest Rate**(%):

**Loan Term**(Year):

**Front End Ratio**:

**Back End Ratio**:

**Income Taxes Rate**(%):

## How Much House Can I Afford?

$## Using the house affordability calculator

**Annual Gross Income**- Annual pre-tax income.**Monthly Debt**- Non-housing debts, including car payment, creadit card, student loan payment, etc.**Property Tax**- Annual property tax.**Insurance**- House owner insurance**Down Payment**- Down payment when buying a house.**Interest Rate**- Mortgage loan annual interest rate.**Loan Term**- The term of the mortgage.**Front End Ratio**- Calculated as Monthly Housing Expenses divided by Monthly Income.**Back End Ratio**- Calculated as Total Monthly Debt Expenses divided by Monthly Income.**Income Taxes Rate**- The ratio of your total taxes (including federal and state income taxes, medicare, social security etc.) and your income. This is used to illustrate monthly income breakdown chart.