What is the Affordability Calculator?

Q: What is the Affordability Calculator?

The Affordability Calculator will help provide a quick view of the affordability of a property. Our system has default value settings to achieve this which you can customize easily based on your preferred payment terms: 8.5% interest rate, 20% downpayment, and 10 years payment period. Estimated Monthly Payment = Loanable Amount * Amortization Factor Rate Suggested Monthly Income is calculated based on the recommended 30% threshold to be allocated for property payment. Loanable Amount = Total Contract Price - Downpayment Amortization Factor Rate = Monthly Interest Rate/1 - (1+Monthly Interest Rate)-Loan Payment Terms in Monthly Values are only estimates to have a reference on affordability. It is recommended to inquire to the agent or broker of the property to explore other payment options. You can search for properties you can afford here.

Last Updated Aug 6, 03:55 AM

The Affordability Calculator will help provide a quick view of the affordability of a property. Our system has default value settings to achieve this which you can customize easily based on your preferred payment terms: 8.5% interest rate, 20% downpayment, and 10 years payment period.

Estimated Monthly Payment = Loanable Amount * Amortization Factor Rate
Suggested Monthly Income is calculated based on the recommended 30% threshold to be allocated for property payment.
Loanable Amount = Total Contract Price - Downpayment
Amortization Factor Rate = Monthly Interest Rate/1 - (1+Monthly Interest Rate)-Loan Payment Terms in Monthly

Values are only estimates to have a reference on affordability. It is recommended to inquire to the agent or broker of the property to explore other payment options.

You can search for properties you can afford here.