Rob & Theresa Morris - MorrisRealtors.com

How Much Home Can You Afford?

Home Buying Worksheet

$	1. Gross Annual Income (before taxes)
$	2. Gross Monthly Income
$	3. Monthly Allowable Housing Expense and Long Term Obligations
$	4. Monthly Expenses Total your monthly obligations here--- (credit cards, child support, car loan etc.)
$	5. Monthly Allowable Housing Expense
$	(Line 4 should not exceed 33% of Line 2. If line 4 is more than the amount in this box, use this amount and refer to gray shaded areas for your calculations.)
%	6. Interest Rate
$	7. Monthly Principal and Interest Payment
$
$	8. Estimated Mortgage Amount
$
$	9. Amount Required for Down Payment & Closing Costs
$
$	10. Total Estimated Affordable Price
$

Rob & Theresa Morris ~ ERA Neil Fischer Realty
9800 US HWY 441, Leesburg, Florida 34788
Theresa 352-360-3736 ~ Rob 352-409-5400