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Scott Thompson, Your Trusted Advisor (510) 410-2003

Gross Annual Income: $
Downpayment amount: $
*Monthly debt: $
Mortgage rate: (%)
Annual property taxes: $
Annual homeowners insurance: $

	CONSERVATIVE	AGGRESSIVE
House price: $
Loan amount: $
Monthly mortgage payment: $
Taxes/Homeowners insurance: $
Total monthly payment: $

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%. And we have assumed a housing payment-to-income ratio of 28% for our conservative estimate, and 33% 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.

*Include auto and student loans, alimony, child support payments and credit card payments.

Scott Thompson
(510) 410-2003

Let me help you relocate to a new home or property in Oakland, Piedmont, Berkeley, San Leandro and Alameda as well as the Montclair, Crocker Highlands and Alameda County county areas. I can direct you to a church or synagogue, public or private schools, golf courses, recreational facilities, cultural events, or a hotel. I can provide you with local news, maps, city info, city statistics, and more -- everything you need to become familiar with all aspects of the greater Oakland metropolitan area.