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    Calculator
     
     
    This calculator will give you a better idea of how much you can afford to pay for a house and what the monthly payment will be.
    HOME AFFORDABILITY CALCULATOR
    1. Monthly Income Before Taxes
    INR
     
    2. Down Payment
    INR
     
    3. Monthly Debt. Payment
    INR
     
    4. Mortgage Interest Rate
    %
     
    About this calculator:

    To arrive at an "affordable" home price, we followed the guidelines of most lenders. We've allowed a total debt-to-income ratio of no more than 36 percent. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. Before buying, however, you should also factor in other savings needs, including retirement and college.

    ASSUMPTIONS: We've assumed a 30-year mortgage term, annual property tax of $3,500 and homeowners insurance of $481 -- the national average. And we do not factor in private mortgage insurance, which you'll owe if your downpayment is less than 20 percent of the purchase price. It averages from $50 to $80 per month. Plug in your own numbers for more tailor-made results.
 
 
 
 
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We have been buying properties for a decade now, but the process of doing it from USA was really tedious. Thanks to atOnePlace.com, we now feel its so much easy - Mrs & Mr. Adnan Thakur, New Jersey
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