Salespersons and brokers usually ask for the range of the buyer's monthly income or household income to identify the properties that buyers can afford. This is the standard process, especially if you plan to apply for a housing loan from a financial institution.

For Sale properties on OnePropertee are automatically calculated for their monthly amortization or loan payment. This is determined based on the total contract price of the property, downpayment, loan term years, and an annual interest rate.*

The calculated monthly payment is the amount you need to pay if you get a home loan.

If you are getting a home loan, it is recommended to allot 40% of your monthly gross income/salary or household income/salary to pay for the property. Monthly amortization should not exceed that recommendation.

The results will show properties that have a monthly payment that you can comfortably pay every month based on your monthly income/salary.

*Default value is 20% downpayment and 7% interest rate.

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Related topics:

• How can I change my Property Search Preferences?

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Related actions:

• Search for properties that you can afford here.