Deluxe Planning Kit  : Kuhns Bros. Log Homes, Inc.
Estimating Cost Worksheet - How much can I afford?
For more specific financing information, please click on the link below.
Preferred Capital Mortgage Services
Approximate Square Footage of your Dream Home      
Square footage amounts range from $140-$175. We used $150 here, but the final cost of your project may vary from that amount. This cost does not include land or allowance for site improvements.
  sq. ft.
Your Approximate Cost:
Land      
If you own property that is paid in full, enter a zero.
If you still owe money on the property, enter the amount owed here.
If you need to purchase property enter the estimated cost here.
  $
Equity and Savings      
If you are planning on using money from the sale of an existing property and/or savings enter that amount here.   $
Mortgage Amount Needed:
Combined Gross Monthly Income      
In this calculation, the assumption has been made that the maximum mortgage payment is 30% of the family income, which is a rule of thumb in the banking industry. The banking industry also uses a secondary formula for total debt. Please contact your financial institution for guidance.
  $  
Amount you wish to Borrow      
Enter the amount from Mortgage Amount or you can override the amount if you have equity from any other sources.   $  
Term of Loan in Years   years
Interest Rate   %
Enter the interest rate as a whole number. (example: 7.25)      
Your Monthly Payment:
     
 
 

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