Interest rates subject to those offered by your financial institution and not guaranteed by Morrison Homes in any way. Prices do not include optional upgrades and are subject to change. Please contact a sales rep for detailed pricing information.
Assessing how much home you can afford is the first important step in deciding on your purchase of a Morrison townhome. You will need to estimate your income, expenses, investments, savings and debt to determine what would be an appropriate mortgage amount for you. We can connect you with our preferred mortgage specialist to help you determine which Morrison home is right for you!
Here is a good guideline to start with:
Total monthly payments for the mortgage and other loans and credit cards should not exceed 37% of your monthly income before taxes.
If you make $60,000 a year, your total yearly housing costs should ideally be no more than $16,800, or $1,400 a month. If you and your spouse make a combined total of $100,000 a year, you can go up to $28,000 a year, or $2,350 a month.