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Mortgage Calculator
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Curious about what you can afford! This mortgage calculator will help you estimate loan amounts, mortgage qualification, and may give you some insight as to choosing to rent or buy at this time.
Complete the fields below, like Cost of Home, Down Payment, Monthly Income, and then choose Calculate Now. To view the various results of your calculation, click on the various tabs. To email yourself a copy of these mortagage calculation results, click the link, Receive this Detailed Analysis.
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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. |
| 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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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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What is your primary source for real estate information?
(A) Newspaper
(B) Directly from a real estate agent
(C) Classifieds
(D) Internet
(E) Friends and family
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