Home Affordability  
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?

$
 
   
   
Congressional Financial Network


10461 White Granite Drive

Oakton, VA 22124


*Appointments available
at any Congressional FCU branch.



**Other locations
available upon request.



Phone: 703.489.1877


Roderick.Day@securitiesamericacom

Securities offered through Securities America, Inc., a Registered Broker/Dealer, Member FINRA/SIPC, Roderick Day, Mike Calandruccio, Registered Representatives. Advisory services offered through Securities America Advisors, Inc., Mike Calandruccio, Investment Advisor Representative. Congressional Federal Credit Union and Congressional Financial Network are not affiliated with Securities America.

Not NCUA Insured. No Credit Union Guarantee. May Lose Value.

Securities licensed in:  AL, AR, CA, DE, FL, HI, ID, ME, MD, MI, NJ, NM, NC, NY, PA, SC, SD, TX, VA, DC

Insurance licensed in:  VA, MD

Advisory licensed in: VA