How Much of a Mortgage Can I Afford?

Real Estate Agent with GreatWest Realty DRE# 00827565

Home ownership not only provides a great shelter for you at tax time.  If you are in a higher income bracket that shelter can become even more valuable to you.  It can also make good financial sense.

 So, you may be asking, "How much of a mortgage payment can I afford?"


Multiplier:  X  1.32

Mortgage Payment:_____________ 

Mortgage Interest and Property Taxes continue to remain tax deductible.  Because of these deductions, a home buyer can usually afford a mortage payment-including taxes and insurance, that is approximately one-third more than their current rent payment.

There is more information and assistance available via Fannie Mae's online mortgage calculators at


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
el dorado
rancho cordova
greatwest gmac
myrl jeffcoat
sacramento real estate news

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Myrl Jeffcoat

Greater Sacramento Real Estate Agent
Ask me a question
Spam prevention