Home Affordability  
Shopping for a home can be a very exciting time. But before you begin evaluating neighborhoods and housing options, you’ll need to know just how much you can afford to spend. This calculator is designed to give you an estimate of the amount of financing you can expect to get when you begin house hunting.
     

1. What is your current annual pre-tax income?
(Include all sources of income, including salary, interest, dividends, etc.)

$

2. What are your monthly long-term obligations?

 

2a. Monthly auto loan payments:

$

2b. Monthly credit card payments:

$

2c. Other monthly obligations: (such as student loans, alimony, child support, and other personal loans):

$

3. What would the interest rate be on your mortgage?

%

4. What would the term (length) of the loan be (in years)?

5. How much money do you have available for the down payment?

$
 
   
   

We are licensed to sell insurance in the following jurisdictions: Louisiana, Texas.
We are registered to offer securities in the following jurisdiction: Louisiana.
We cannot communicate with, nor respond to requests from, users who reside in jurisdictions where we are not licensed to conduct insurance and/or securities business.

Odon L. Bacque Jr. is a registered representative of and offers securities and investment advisory services through MML Investors Services, LLC, Member SIPC. Michael T. Domingue and William "Bill" H. Baker are registered representatives of and offer securites,investment advisory, and financial planning services through MML Investors Services, LLC, Member SIPC.  Supervisory Office: 1 Galleria Blvd., Suite 909, Metairie, La 70001. (504) 299-8971. *Licensed, not practicing. 
 

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Massachusetts Mutual Life Insurance Company assumes no liability for the use of or reliance on these calculators.