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Mortgage Affordability

Pay Off Debts

How to increase your mortgage affordability

Increasing your mortgage affordability involves enhancing your financial health; paying off debts and increasing your income are key strategies.

Curb your spending

Curbing your spending can free up more of your income for mortgage payments, improving your mortgage affordability and enhancing your attractiveness to lenders.

Lower priced home

Opting for a lower-priced home can significantly reduce your mortgage requirements, making it easier to secure a mortgage and manage repayments.

Reduce open accounts

Reducing the number of your open credit accounts can lower your debt-to-income ratio, improving your credit profile and increasing your mortgage affordability.

Longer amortization

Choosing a longer amortization period can lower your monthly payments, making a mortgage more affordable, & might increase the total interest paid over the life of the loan.

Let AZM's Mortgage Affordability Calculator take care of the hard work for you!

Financial information

Your overall financial health plays a pivotal role in determining your mortgage affordability. This includes your income, savings, credit score, and existing debts. Your income and savings are key factors in how much you can afford for monthly mortgage payments and down payment respectively.

Monthly expenses

When determining mortgage affordability, it's crucial to account for all monthly expenses, not just the projected mortgage payment. These expenses include property taxes, homeowner's insurance, homeowner association fees, utilities, and maintenance costs.

How to use the mortgage affordability calculator

Scroll Down to Use the AZ Mortgage Affordability Calculator

The AZ Mortgage Affordability Calculator is a powerful tool that analyzes your financial data to estimate the mortgage you can afford in Arizona.

It simplifies the home-buying process, providing insights to make informed decisions and improve your mortgage eligibility.

Affordability Calculator

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You can afford up to

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Monthly Payment $

Principal & Interest $

Tax $

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ALL LOANS ARE SUBJECT TO TERMS AND CONDITIONS. NOT ALL APPLICANTS MAY QUALIFY. SUBJECT TO CREDIT APPROVAL. THIS IS NOT A COMMITMENT TO LEND. AZ MORTGAGE, LLC | NMLS #2411923 | 4710 E FALCON DR. SUITE 101 MESA, AZ 85215