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Mortgage Affordability Worksheet

Use our Loan Wizard Mortgage Affordability Worksheet to help you determine the mortgage loan financing amount you could potentially qualify for. These calculations are based on standard guidelines that lenders use to determine loan amounts that borrowers are eligible to receive. Some of the factors used to determine how much money may be financed include: income, total mortgage payments, and total debt payments. Loan Wizard will display the results along with an amortization payment schedule, if desired.
Interest Rate
(enter the interest rate of the loan, without percentage sign – e.g., enter as 8.5 not as .085)
%
 
Term of Loan
(number of months or years to borrow)
  
 
Payment Frequency
(how you choose to repay the loan)
 
 
Other Monthly Mortgage Expenses

A Note About PMI and DCU - DCU will do everything possible to help
you avoid paying PMI, even without the industry standard of 20% down.
 
Monthly Debt Expenses
 

Payment Amortization Schedule
(shows the dollar amounts allocated to principal and interest)
 
Note: The Mortgage Wizard is intended to provide approximate information about your loan payments and does not constitute an offer to extend credit. Your actual payment information may vary. Please contact DCU for exact payment at 508.263.6700 or 800.328.8797.
 
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Digital Federal Credit Union
Digital Federal Credit Union
220 Donald Lynch Boulevard
PO Box 9130
Marlborough, MA 01752-9130
508.263.6700 • 800.328.8797
 DCU is an Equal Housing Lender    Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Select for more information.

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