Bank hin a tlang pin a liam cia kum 2 sung ih kan income an zoh theu business nei, si lo le self-employed, Sushi Dawr nei tivek kan si len. Sinan thenkhat Lender cu na income a pung hman tuk lo, thleng dam lam te te a kar ah a um a si len cu ai tam khal income an lo dil thei. Pakhat le pakhat an dil dan a bang aw lo.
Income an zoh tik ah a tlang pin a liam cia mi kum 2 sung ih sum fai hum mi lio lio hmang in thla khat ah ziang hmuah na ngah ti an tuat theu. Tax returns caa pawl, Schedule C a miat le sumsuak pawl report nak, bank statements pawl tla cu an dil tlang pi.
- A tlun ih kumkhat nak le khum hnih nak na kom teh hnu ih ngah mi thla khat income AVG. MTHLY. INCOME kha a hnuai ih Monthly household income (before tax) ti mi ah self-employed na si ah cun House Affordability calculator hrang ah na hmang a tul ding.
Understanding the Costs A house affordability calculator
A house affordability calculator is a useful tool for individuals looking to determine how much house they can afford based on their financial situation.
When using a house affordability calculator, individuals typically input information such as their monthly household income, desired mortgage terms (such as the length of the loan and the down payment amount), the interest rate they expect to receive, and their debt-to-income ratio (DTI).
The calculator then calculates an estimate of the maximum home purchase price that the individual can afford based on this information. This can be helpful for individuals in determining a realistic budget for their home purchase and ensuring that they do not take on more debt than they can comfortably afford.
To calculate how much home you can afford using monthly payment periods, and interest rate, you can the following formula:
Amount = Monthly Payment ((1 – (1 + Interest Rate)^-Periods) Interest Rate)
Where:
– Monthly: The amount you afford to pay each towards your mortgage
– Periods: The total number of months over which you will be making payments (e.g. 30 years = 360 months)
– Interest Rate: The annual interest rate for the loan
This formula will help you determine the maximum loan amount you can afford based on the monthly payment you can make, the number of periods over which you will be making payments, and the interest rate.
Overall, a house affordability calculator can be a valuable tool for individuals looking to buy a home and want to ensure that they make a financially responsible decision.
