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Listing History
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,956
- Property tax
- $975
- Heat allowance
- $150
- Housing costs
- $10,081 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$310,000
gross annual household income
- Payment at 4%
- $7,363 / mo
- Cash down
- $349,960
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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