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DETERMINE HOW MUCH YOU CAN AFFORD FOR A MORTGAGE
Use the calculator below to figure out how much you can afford as your monthly mortgage payment. You can contact us if you have any questions. Or, you can apply for your good or bad credit home loan.
 

Is Your Income Enough?

 
How much you need to borrow:

Mortgage term:

Years
Interest: %
Annual taxes:
Other debt you have:
 (i.e. car, student loans, credit cards, etc).
   

Summary

 
Monthly principal + interest:
Total housing payment:
(tax & insurance included)
Your annual income must be at least:

A good rule of thumb to follow with determining if your salary is enough for your loan:
  1. Your gross (pre-taxes) monthly income must be more than 27% of the total your monthly mortgage and taxes.
  2. Your gross (pre-taxes) monthly income must be more than 34% of the total of your monthly mortgage, taxes and other debt.

Apply for a home mortgage loan now!

Star Loan Services specializes in bad credit home loans.

**It is very important that you do not commit to a loan that you can not afford. Not being able to pay your mortgage will result in foreclosure and a destroyed credit.
 


 


If you are having a hard time saving for a down payment, you should look for a seller offering rent-to-buy.

 

        

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