How Does My Car Loan Payment Affect My Mortgage?

·       Car payment of $250/month: It will reduce your purchasing power $50,000

·       Car payment of $400/month: It will reduce your purchasing power $90,000

·       Car payment of $600/month: It will reduce your purchasing power $141,000

·       Car payment of $1000/month: It will reduce your purchasing power $235,000

PMI Calculation example based on these 7 factors:

·     5% down

·     200K loan amount 

·     1 borrower 

·     760 credit score

·     Single family residence

·     Primary

·     Debt to Income Ratio