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Affordable Homes in Greenville

Brad Allen

After becoming a Realtor®, I quickly teamed up with my now partner, Mary Lane Sloan, to form The ART of Real Estate with the idea that one agent cann...

After becoming a Realtor®, I quickly teamed up with my now partner, Mary Lane Sloan, to form The ART of Real Estate with the idea that one agent cann...

Apr 19 2 minutes read

What Does "Affordable" Mean To You?

Use this Mortgage Calculator to start.

(* For a more accurate number based on your financial situation it is recommended to start with a phone conversation with a mortgage lender - need a recommendation? Email [email protected] and we can point you in the right direction.)

Loan Calculator Mortgage Qualifier

The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments.

Photo provided by Mortgage Network (see disclaimer)

For the purpose of this blog, we are going to choose the following stats:

$1,600/month for mortgage payment • No monthly debt payments • 4.5% interest rate • $68,571 household income • 30 year term • $2,362 down payment and closing cost.

Everyone's financial situation is unique. Your down payment will be different based on the type of loan you use (some will assist with downpayment, some are a % of the purchase price, it all depends). You may have monthly debt payments - those vary by situation. Your household income may be different.

Again, we highly suggest speaking directly with a mortgage lender to personalize your financial budget. It's more effective to find out now, you may even decide to wait and save for another year based on what you hear back.

Don't miss out on the perfect home in your budget.

There are hundreds of people searching for affordable homes. 

Find out about homes before others do by working with a buyer's agent. It's a free resource for you.

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