Numbers that a prospective home loan borrower puts in the mortgage calculators to determine affordability are only estimates.  The monthly payments can vary from the time of input to the time of loan approval.  Some factors such as the current rate of interest, the necessity of mortgage insurance or the amount of annual real estate taxes may influence how much you can afford.  The numbers initially entered in the mortgage calculator are usually estimates and are only as accurate as the underlying assumptions. Be sure to consult the lender, realtor or even go online and check the interest rates, property taxes and homeowners insurance for accurate, up-to-date information as it relates to your particular situation.

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