Buying Power Calculator Tool

Buying Power Calculator

Buying Power Calculator

Parameter Description Example Value
Annual Income The total annual income of the individual or household. $60,000
Monthly Debt Payments The total monthly debt payments including loans, credit cards, etc. $1,000
Down Payment The amount of money available for the down payment. $15,000
Interest Rate The annual interest rate on the loan. 4%
Loan Term (years) The duration of the loan in years. 30 years
Buying Power The maximum amount of money that can be borrowed based on the given parameters. It is typically calculated using affordability ratios and loan calculations. $250,000

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