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Home Affordability Calculator – How Much House Can I Afford. – In addition to the interest rate, several other factors determine the specific mortgage rate that a buyer will qualify for. Your location affects your mortgage rate, and may vary from 0.25% to 0.5.
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How Much of an FHA Loan Can I Qualify for and Afford. – The general rule for FHA loan approval is 31/43. This means your total debt load should use no more than 43% of your gross monthly income. Here’s an example using a gross monthly income of $6,000.
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FHA Mortgage Calculator – How Much Can I Afford? – FHA Mortgage Calculator. Use the following calculator to help you determine an affordable monthly payment so that you know what you can afford before you make an offer on the home you want to purchase. NOTE: Additional requirements may be needed for loans above $417,000 in your area. This limit differs based on county.
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