How Much Home Can You Afford?
This chart can help you determine-on a monthly basis-how much home you can afford. To use it, simply find the monthly house payment you can afford and read across to the nearest current interest. Where the two cross will give you an approximation of how much mortgage your maximum monthly payment will buy. To calculate the mortgage for higher monthly payments-$3,500 for instance- combine the mortgage amounts for $2,000 and $1,500 payments. With a 9% rate, $248,564 plus $186,423 equals a $434,987 mortgage.

Monthly
Payment		 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00%
$300 $50,040 $47,460 $45,092 $42,905 $40,885 $39,016 $37,285 $35,678 $34,185 $32,796 $31,502
$350 $58,380 $55,370 $52,608 $50,056 $47,699 $45,519 $43,499 $41,624 $39,883 $38,262 $36,752
$400 $66,720 $63,280 $60,123 $57,207 $54,513 $52,022 $49,713 $47,571 $45,580 $43,728 $42,023
$450 $75,050 $71,190 $67,638 $64,358 $61,328 $58,524 $55,927 $53,517 $51,278 $49,194 $47,253
$500 $83,400 $79,100 $75,154 $71,509 $68,142 $65,027 $62,141 $59,463 $56,975 $54,660 $52,504
$550 $91,730 $87,010 $82,669 $78,660 $74,956 $71,529 $68,355 $65,410 $62,673 $60,126 $57,753
$600 $100,075 $94,925 $90,185 $85,811 $81,770 $78,032 $74,569 $71,356 $68,370 $65,595 $63,004
$650 $108,415 $102,840 $97,700 $92,961 $88,584 $84,535 $80,783 $77,302 $74,068 $71,059 $68,254
$700 $116,755 $110,850 $105,215 $100,112 $95,398 $91,038 $86,997 $83,249 $79,766 $76,525 $73,504
$750 $125,095 $118,660 $112,731 $107,263 $102,213 $97,540 $93,211 $89,915 $85,463 $81,991 $78,755
Monthly
Payment		 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00%
$800 $133,435 $126,570 $120,246 $114,414 $109,027 $104,043 $99,425 $95,141 $91,161 $87,457 $84,005
$850 $141,770 $134,480 $127,761 $121,565 $115,841 $110,546 $105,640 $101,088 $96,858 $92,923 $89,255
$900 $150,110 $142,390 $135,277 $128,716 $122,655 $117,048 $111,854 $107,034 $102,556 $98,389 $94,506
$950 $158,450 $150,300 $142,792 $135,867 $129,469 $123,551 $118,068 $112,980 $108,253 $103,854 $99,756
$1,000 $166,790 $158,210 $150,308 $143,018 $136,283 $130,054 $124,282 $118,927 $113,951 $109,321 $105,006
$1,050 $175,130 $166,120 $157,823 $150,169 $143,098 $136,556 $130,496 $124,873 $119,648 $114,786 $110,256
$1,100 $183,470 $174,030 $165,338 $157,320 $149,912 $143,058 $136,710 $130,820 $125,346 $120.252 $115,506
$1,150 $191,810 $191,940 $172,854 $164,471 $156,726 $149,561 $142,924 $136,766 $131,043 $125,718 $120,757
$1,200 $200,150 $189,850 $180,369 $171,621 $163,540 $156.064 $149,138 $142,712 $136,741 $131,185 $126,007
$1,250 $208,590 $197,760 $187,884 $178,772 $170,354 $162,567 $155,352 $148,659 $142,439 $136,651 $131,257
Monthly
Payment		 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00%
$1,300 $216,830 $205,670 $195,400 $185,923 $177,168 $169,070 $161,567 $154,605 $148,136 $142,117 $136,508
$1,350 $225,170 $213,580 $202,916 $193,074 $183,982 $175,573 $167,781 $160,551 $153,834 $147,583 $141,758
$1,400 $233,510 $221,490 $210,431 $200,225 $190,796 $182,076 $173,995 $166,498 $159,531 $153,049 $147,009
$1,450 $241,850 $229,400 $217,946 $207,376 $197,611 $188,578 $180,209 $172,444 $165,229 $158,515 $152,259
$1,500 $250,190 $237,310 $225,462 $214,527 $204,425 $195,081 $186,243 $178,390 $170,926 $163,981 $157,509
$1,550 $258,530 $245,230 $232,977 $221,678 $211,239 $201,583 $192,637 $184,337 $176,624 $169,447 $162,759
$1,600 $266,870 $253,140 $240,493 $228,829 $218,053 $208,086 $198,851 $190,283 $182,321 $174,913 $168,010
$1,650 $275,210 $261,050 $248,008 $235,979 $224,867 $214,589 $205,065 $196,229 $188,019 $180,380 $173,260
$1,700 $283,550 $268,960 $255,523 $243,130 $231,681 $221,092 $211,279 $202,176 $193,717 $185,846 $178,510
Monthly
Payment		 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00%
$1,750 $291,890 $276,870 $263,039 $250,281 $238,496 $227,594 $217,493 $208,122 $199,414 $191,312 $183,761
$1,800 $300,225 $284,780 $270,554 $257,432 $245,310 $234,097 $223,707 $214,068 $205,112 $196,778 $189,011
$1,850 $308,565 $292,690 $278,069 $264,583 $252,124 $240,600 $229,922 $220,015 $210,809 $202,244 $194,261
$1,900 $316,905 $300,600 $285,585 $271,734 $258,938 $247,102 $236,136 $225,961 $216,507 $207,710 $199,512
$1,950 $325,240 $308,510 $293,100 $278,885 $265,752 $253,605 $242,350 $231,907 $222,204 $213,175 $204,762
$2,000 $333,585 $316,420 $300,616 $286.036 $272,566 $260,108 $248,564 $237,854 $227,902 $218,642 $210,012
Copyright © 2000 Coral Mortgage, Inc.. All rights reserved.
Revised: October 02, 2000.