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How Much Can You Afford?

 

Mortgage CalculatorThis unique calculator is really four calculators in one!

By entering your information once, the calculator will help you determine loan amounts, mortgage qualification, affordability and whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To receive an e-mail containing the results, click on Receive This Detailed Analysis!

Contact me if you have questions, or if I can assist you in locating a favorable financing alternative for your new home!

Cheryl Service

 

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Cheryl Service Real Estate

CURRENT MORTGAGE RATES
Stay up-to-date on national mortgage rates. These rates do not reflect rates from specific lenders in this area.  The information is provided to you as a general overview.

 

Current National Rates

Mortgage Rates © ML

 

 

 

 

 

 

Cheryl Service
Broker/Owner
805-709-3297
Cheryl Service Ral Estate - Pismo Beach CA Pismo Beach, California
 

 

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