ADVISER LOAN AFFORDABILITY CALCULATOR

Description
This tool is specifically crafted for banks and institutions, aiming to assist their customers in understanding crucial financial aspects. By inputting monthly income, expenses, and expected interest rates, users can gauge their potential home affordability. The flexibility to adjust loan terms allows for a comprehensive view of estimated home price, loan amount, down payment, and potential monthly payments. Once users identify a suitable price range, they are encouraged to reach out to a Home Lending Advisor or visit a local branch to initiate the process.


Wondering about your affordable home range? Utilizing a percentage of your income, as suggested by the 28/36 rule, can guide your decision. This rule recommends that your mortgage should not exceed 28 percent of your total monthly gross income and 36 percent of your total debt. Our Chase Home Affordability Calculator goes beyond, refining estimates based on additional factors.


Curious about the functionality of Chase’s mortgage affordability calculator? It generates an estimate of your affordability and potential mortgage payments based on either your income or estimated payment amount. If you calculate based on income, the tool considers your financial health, loan preferences, and incorporates projected taxes and insurance to provide an estimate. 


Alternatively, if you calculate based on estimated payments, the calculator requests details about your desired mortgage, such as the maximum monthly payment, term, interest rate, and preferred down payment, combining this with projected taxes and insurance costs.


Please note that this is a template worksheet. If it does not meet your needs 100%, and you are unable to customize it yourself, let me know and we will provide a quote to develop the customisations you need to get you exactly what you want in your Appointment Scheduler.