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HOW MUCH CAN YOU AFFORD? IMPORTANT QUESTION.
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OUR CALCULATOR WILL HELP YOU DETERMINE LOAN AMOUNTS , MORTGAGE QUALIFICATIONS, AFFORDABILITY OR WHETHER YOU SHOULD BE RENTING OR BUYING.
BUT YOU ARE WELCOME TO CALL ME TO TAKE YOU THROUGH MANY OTHER HOMEOWNERSHIP COSTS NOT LISTED HERE! ITS YOUR RIGHT TO KNOW ABOUT THESE AND OTHER COSTS. FIRST TIME HOME BUYERS NEED SPECIAL CARE...LET ME TAKE YOU THROUGH THE JOURNEY!! USE MY KNOWLEDGE AND EXPERIENCE! Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link. |
OTHER COSTS TO CONSIDER WOULD INCLUDE: PROPERTY TAXES UTILITIES HOME INSURANCE REGULAR MAINTENANCE AND REPAIRS ETC
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Required
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Optional
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (
%): |
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| Total Loan(Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of
% GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio.
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| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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