UK Life Affordability Calculator
Do you have your sights set on life in the UK but are unsure about how to make it feasible? You’re not alone! The cost of living in the UK is high, making long-term residence difficult for many people. Fortunately, there’s a solution: the UK Life Affordability Calculator. This powerful tool can help you determine if and when life in the UK is within reach based on your current financial situation, work experience, education level and more. Keep reading to find out how this calculator can help make all of your dream moves a reality!
Income
Gross Annual Income (before tax)
Maximum Housing Expense %
(M1) Max Monthly Payment Based on Income
Monthly Debts
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Current Monthly Debts
Maximum Debt-to-Income Ratio
(M2) Max Monthly Payment Based on DTI
Maximum Monthly Payment (lower of M1,M2)
Monthly Housing Expenses
Property Tax (Monthly)
Home Owners Insurance (Monthly)
PMI (private mortgage insurance)
HOA Fees
Other (Utilities, Repairs, etc.)
(M3) Max PI Payment Based on Expenses hac-dollar
Available Funds
Available Funds
Fixed Closing Costs
Variable Closing Costs (based on price)
Minimum Down Payment
Maximum Home Price Based on Funds
(M4) Max PI Payment Based on Funds
Maximum PI Payment (lower of M3,M4)
Financing
Term of Mortgage (years)
Annual Interest Rate
Loan Amount Based on Max PI Payment
Down Payment Based on Available Funds
Total Estimated Closing Costs
Maximum Home Price
Depreciation
% of Home Price Depreciable
Years to Depreciate
Annual Depreciation (straight-line)
You Can Afford A House Up To
$372,080
$2,167
/ Month
/ Month
| PI Payment | - | |
| Property Tax | - | |
| Insurance | - | |
| PMI | - | |
| HOA | - | |
| Other | - |
Loan Amount
$372,080
Down Payment
$372,080
Est. Closing Costs
$372,080
