CENTURY 21® Masengill-McCrary Realtors, Morristown, Tennessee

Jefferson City
Office:
(865) 475-2054

Toll Free:
(800) 552-4969

Fax:
(865) 475-2928

Email:
info@c21homes4u.com

Morristown
Office:
(423) 586-6653

Toll Free:
(800) 621-2144

Fax:
(423) 587-3616

Email:
info@c21mmr.com

"How much home can I afford?" is a question most home buyers ask.

While there are varying thoughts on this a common rule of thumb is that your monthly housing expenses should not total to more than 33% of your gross (i.e. before taxes) income. That includes your mortgage payment, property taxes, and home owners insurance. So take a third of your current income and use that as the maximum amount that you'll be able to afford.

"How much will my monthly payment be if I buy that house?" is the next frequently asked question by a prospective home buyer.

For the answer to that we'll need to use a calculator... or, more appropriately, the mortgage calculator that we have provided below. Enter the price of the house, the intended length of the mortgage, the current interest rate (estimated here for you), and (optionally) your property taxes and insurance costs. Once you've entered that information click on the button and we'll estimate your monthly payments for you.

CENTURY 21 Masengill-McCrary Realtors
118 E. Broadway Boulevard
Jefferson City, TN 37760
(865) 475-2054

Licensed Real Estate Brokers and Affiliate Brokers in Tennessee
© Copyright 2007 Century 21 Real Estate LLC. CENTURY 21^® is a registered trademark licensed to Century 21 Real Estate LLC.
Equal Housing Opportunity. Each office is independently owned and operated.