Living in Oregon - House Affordability Calculator

Welcome! Are you considering moving to or living in Oregon and want to buy a home? This Home Affordability Calculator can help you estimate how much house you can afford based on your income, debts, and financial situation. By entering your monthly income, existing debt payments (like car loans, student loans, and credit cards), expected interest rate, loan term, and planned down payment, this tool will calculate the maximum home price you would likely qualify for.

Enter your minimum monthly payment for the below monthly debts. The calculator will factor in the below to its calculations. To email me results and receive a free no-obligation mortgage quote, just click button below after output is generated:

• 43 to 48% Debt to Income ratio range for output

• 1% annual property tax

• $100/month for homeowners insurance

A few things to think about/consider:

• If putting less than 20% down, mortgage insurance would impact your affordability (not factored in calculator).

• If buying a townhouse or condo, monthly HOA fees would impact your affordability (not factored in).

• You can buy a home with as little as 3% down with a conventional loan, 3.5% down with an FHA loan, and 0% down with a VA loan.

• Interest rates vary by day and are impacted by your credit score.

Have questions or want to set up a call or Zoom to learn more about buying a home in Oregon, Washington, or Arizona, CLICK HERE to set up a time and day that work for you.

Todd Davidson

Mortgage Loan Officer

NMLS# 2003696

E: tdavidson@umortgage.com

W: https://www.livinginoregon.net/todd-davidson-mortgage-broker 

P: 971-275-2465

About the Author:

AI and author knowledge were sources of info for this blog. The info was vetted, links to other resources included, and portions written by Todd Davidson, a seasoned professional in home ownership and mortgage financing. With a passion for helping individuals and families make successful transitions to new states and homes, Todd has become a prominent influencer in the industry. As a Mortgage Loan Officer with years of experience, Todd has guided countless clients through the intricacies of home financing, making their dreams of homeownership a reality.

As an author, influencer, and mortgage loan officer, Todd Davidson brings a wealth of knowledge and a genuine passion for assisting others in achieving their housing and moving goals. His dedication to the well-being of his clients and readers shines through in his work, making him a trusted resource for anyone embarking on the exciting adventure of home ownership.

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