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Stephen Baker
AMR Group LLC
2514 W Armitage Ave #204
Chicago, IL 60647
773-931-4312 Office
866-811-9103 Fax
Email
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Mortgage Calculators
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How Much Can You Afford?
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Are you interested in finding out how much home you can afford? Lenders often use a 28% housing ratio.
This means that your projected housing costs (including mortgage payment, taxes, and insurance)
should be no more than 28% of your gross monthly income. A lender using this ratio figures a
family earning $2,500 a month can afford a monthly housing cost of $700. Use this calculator to
estimate what mortgage you qualify for.
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