Liz Grill RE/MAX 1st Realty
518 S. Front St.
Marquette, MI 49855
906-225-1136 Office
906-225-0995 Fax Email
How Much Can You Afford?
Are you interested in finding out how much home you can afford? Lenders often use a 28% housing ratio. This means that your projected housing costs (including mortgage payment, taxes, and insurance) should be no more than 28% of your gross monthly income. A lender using this ratio figures a family earning $2,500 a month can afford a monthly housing cost of $700. Use this calculator to estimate what mortgage you qualify for.
