You can guess how much home you can afford using this mortgage calculator...
...but your best step is to call a metro Denver mortgage lender to find out how much you can actually afford based on your credit, your income, and their rates.
It is highly recommended that home buyers use a local metro Denver mortgage lender. Large companies such as Wells Fargo & Chase have a bad reputation for representing buyers are qualified for a home loan, only to find out after an offer was accepted, a lot of time was lost to the seller, and the buyer spent money on inspections, that the buyer was not qualified for a home loan. In addition to bad approvals, banks have a bad reputation for being unresponsive and missing critical deadlines, causing delays to closing, resulting in lots of stress to all parties and consequently risking the earnest money of the buyer. Frequently representatives at large banks do not provide a cell phone number, and they are unavailable after business hours. Below you will find a number of mortgage lenders that I have completed transactions with, that I can vouch for. They are available at all times, like me, meet deadlines, give out good approvals, and will give you the best chance at winning the house.
Elevations Credit Union
Universal Lending Corporation
Cherry Creek Mortgage Company
Powers / Moore Team
B. Craig Moore
Bay Equity Home Loans
Quicken Loans Rocket Mortgage
Click here to download this worksheet to compare Denver mortgage lenders. First you need to qualify with at least one lender to learn how much home you can afford, but after that plug in the yellow part and get the question marks answered for as many lenders as you like. Find the best combination of closing costs and payment for your situation.