WebSep 29, 2016 · To be considered affordable, the rent and utilities in an apartment or the monthly mortgage payment and housing expenses for a homeowner should be less than 30 percent of a household’s gross monthly income. In Colorado, the median household income was $61,303 in 2014, according to the latest figures available from Department of Numbers. WebAffordability Calculator. See how a mortgage will impact your budget. Input your income, expenses, and down payment into the affordability calculator and adjust the slider to …
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