HOME    |    LOCATIONS    |    CONTACT US    |    PRINT PAGE
 
Customer Care
515.331.3100

Telebank
515.224.8181

Lost/Stolen Debit Cards
800.383.8000

Email
internetdepartment@bankcsb.com

CSB Mortgage - Home Loans CSB Financial Services CSB Insurance CSB Select 50+

What Can I Afford?


Work through these questions to get a better understanding of what you can afford. As you complete the highlighted boxes, click on the gray boxes to calculate the totals.

Income
Borrowers Gross Monthly Income $
Co-borrowers Gross Monthly Income $
Total $ (a)

Housing Estimate
Principal and Interest payment $
Insurance $
Taxes $
Mortgage Insurance $
(if over 80 percent of loan total value)
Total PITI $ (b)

Monthly Payments
(on revolving and installment debt) $ (c)

Total of (b) and (c): $ (d)

(b) divided by (a) equals housing ratio = %

(d) divided by (a) equals total debt ratio = %

Common standard is 28 percent housing ratio, 36 percent total debt ratio.
Exceptions to the rule depending on the type of loan and credit scores.

© 2008 Community State Bank, N.A. All rights Reserved.
Site Map   |   Privacy & Security   |   Disclosures