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.) $ 2. What are your monthly long-term obligations?   2a. Monthly auto loan payments: $ 2b. Monthly credit card payments: $ 2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans): $ 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? $

Lynn A. Schmidt is a registered representative registered to transact business with clients in DE, FL, GA, IL, NC, NJ, NY, TX. Lynn A. Schmidt is advisory licensed in the following states: FL, NC, NJ, NY, TX.  Lynn A. Schmidt is also an insurance agent licensed in DE, FL, MI, NJ, NY.  If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

Investments & Insurance Products:
Are not insured by the FDIC or any federal government agency
Are not deposits of or guaranteed by the bank or any bank affiliate
May lose Value