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FHA calculators help you determine how much you can afford to safely borrow in order to finance your home. Use them to determine the maximum monthly mortgage payment of principle and interest, and the maximum loan amount for which you may qualify.
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How Big a Mortgage Can I Get? – Helpful Calculators – Deposit Size. The size of your deposit in relation to the house cost has a big effect on what kind of deal you can get. A useful metric for measuring the deposit in relation to purchase price is the loan-to-value ratio (LTV). A 10% deposit equates to an LTV of 90%. The lower the LTV ratio the better.
Calculate how much house you can afford with our home affordability calculator that factors in income, down payment, and more to determine how much home you can afford. If you earn $5,500 a month.
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So you have been pre-approved for a mortgage. But the home you want to buy costs more than you’re pre-approved for. In this article we’re going to explain how you can get approved for a larger loan amount.
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