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MORTGAGE CALCULATOR - Discover what your monthly payments will be!
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This calculator will help you determine loan amounts, mortgage
qualification, & affordability.
It will also help you decide 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 email yourself the results, click the Receive this Detailed Analysis link.
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Please be advised... the information that you enter is for YOUR convenience only.
All calculations are for Your own personal knowledge and are not shared with me or any third party
financial institution/s. So take advantage of this tool and calculate as many scenarios as you wish!
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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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