Can You Afford to Buy? Visit the website for Bankrate.com, where you will find a calculator (www.bankrate.com/funnel/mortgages/?ic_id5CR_ SearchMtgProdTypeProduct&prods51) that helps you determine the...

Can You Afford to Buy? Visit the website for Bankrate.com, where you will find a calculator (www.bankrate.com/funnel/mortgages/?ic_id5CR_ SearchMtgProdTypeProduct&prods51) that helps you determine the amount you can afford for the purchase of a home given your income and funds available for a down payment, points, FICO score, and other home-buying expenses. Enter the data requested for your current situation. What does the calculator tell you about your housing affordability? Change the entered data for some point in the future when you project a better financial situation for yourself. How do the results change?