What is Zyprus Affordability test?

How much house can I afford? Is a question we all ask when we are looking to purchase a new home. To estimate your affordability range, we take into account a few primary factors, such as your target monthly payment, annual income, down payment, mortgage rates, existing monthly debts and other factors. 

Zyprus affordability test makes your home purchase more effective by allowing you to assess how much house you can afford based on your personal circumstances. It evaluates the percentage of your monthly income that goes toward existing debts to help identify how much extra you have to spend on a mortgage payment. 

Your remaining income should be enough to cover living expenses and savings goals, and it is wise to have some cash set aside to accommodate any unexpected repairs or financial emergencies.