LOAN AFFORDABILITY

HOME

Purpose:

To get minimum and maximum amounts that can be borrowed for a given financial situation. We use the 30 year fixed rate loan with the best rate from our lenders.

URL:

http://www.home-account.com/api/affordability

Required inputs:

Input Key	Description	Type	Example
annualIncome	Annual Income	Int	1000000
downPayment	Annual Income	Int	20000
monthlyDebt	Monthly Non-mortgage debt	Int	1000
annualPropertyTaxRate	Annual property tax in your county	Double	1.25
annualHomeOwnersInsurance	Annual home owner's insurance for the property	Int	1000

Output:

{"AffordabilityRange": {
  "annualIncome": 100000,
  "downPayment": 20000,
  "monthlyDebt": 1000,
  "mortgageRate": 4.875,
  "annualPropertyTaxRate": 1.5,
  "annualHomeOwnersInsurance": 1000,
  "lowRange": 274760,
  "highRange": 414879
}}