Calculate Home Buying Power -

Keep 1%–3% of the home's value in savings for annual repairs.

Check what a $1,950 principal/interest payment buys at current rates. At a 6.5% interest rate, $1,950 supports a loan of approximately . Step 5: Add Your Down Payment Add your saved cash to the loan amount. calculate home buying power

Standard for many first-time buyer conventional loans. Keep 1%–3% of the home's value in savings