<p>Based on your information and ratio selections:</p><div style="text-align:center;"><a href="https://www.americafirst.com/redirect/clickthrough.cfm?dest=loanAppMortgage" class="orangeButLink" target="_blank" >Free Online Consultation</a></div><p>Your monthly mortgage expenses shouldn't exceed 28.00% of your total monthly income.</p><p>Your total monthly obligations (monthly mortgage expenses plus any other long-term debt obligations) shouldn't exceed 36.00% of your monthly income.</p><p>You have been capped by the 36.00% ratio. Including your down payment, it appears you may qualify for a home valued around $663,650</p><table class='pure-table' role='grid'><tr><th colspan='2' class='section'>Front-End Ratio</th></tr><tr><td>Monthly gross income</td><td>$7,500</td></tr><tr><td>Front-end ratio</td><td>28%</td></tr><tr><td>Calculated payment for front-end ratio</td><td>$2,100</td></tr><tr><td></td><td></td></tr><tr><th colspan='2' class='section'>Back-End Ratio</th></tr><tr><td>Debts and obligations</td><td>$500</td></tr><tr><td>Percent of gross income</td><td>7%</td></tr><tr><td>Maximum percentage available for mortgage payment</td><td>29%</td></tr><tr><td>Calculated payment for back-end ratio</td><td>$2,200</td></tr><tr><td></td><td></td></tr><tr><th colspan='2' class='section'>Payment Calculation</th></tr><tr><td>Minimum of the two ratio options</td><td>$2,100</td></tr><tr><td>Less: taxes and insurance</td><td>$325</td></tr><tr><td>Equals: maximum allowable payment</td><td>$1,775</td></tr><tr><td>Calculated mortgage amount</td><td>$330,650</td></tr><tr><td>Down payment</td><td>$333,000</td></tr><tr><td><b>Home value you can afford</b></td><td><b>$663,650</b></td></tr></table>