Mortgage Affordability Calculator
This will let you know the approximate purchase price of the house you can afford.
Use your Gross Income in the annual income field. Do not use your take home income.
Monthly debts is your monthly expenses that show on your credit report and includes a total of the following: Auto loan payment, Credit card payment(s) (use the minimum month payment even if you pay off the card(s) every month), installment loans, student loans.
Put in the dollar amount you have available for the down payment. Remember that you will also need to have money for closing costs.
Most mortgages are a 30 year mortgage. Use 30 for years.
Get the mortgage rate from the home page of this website. Round up to the next eighth of a point. (.125, .250, .375, .500, .625, .750, .875)
The debt to income ratio ranges from 35% to 45% depending on the loan program you apply for.
Rent vs Buy Calculator
This will compare the cost of purchasing a home vs the expense of renting your housing. See Rent Vs Buy on this website.
Mortgage Payment Calculator – PITI
This will tell you how much your monthly payment will be. Property taxes should be between .9 and 1.1 percent. Home insurance should be between 400 and 800 dollars per year. Your actual costs may vary.
Mortgage Principal Calculator
This will tell you approximately how much you still owe on your mortgage.
Flat Rate Mortgage Calculator
This is a mortgage calculator that will tell you what your mortgage payment will be for a fixed rate mortgage.
Maximum Mortgage Calculator
This will calculate how big of a loan amount you can afford, based on how much you have available for a monthly mortgage payment.
Private Mortgage Insurance (PMI) Calculator
This calculator will tell how much your monthly PMI payment will be.
Tax Bracket Calculator
This will give your US tax bracket based on your filing status and annual income. PLEASE NOTE: This calculator is based on tax law before the new law was passed in December 2017.
Real Estate ROI Calculator
This will show the amount of Return On Investment on a rental property.
Home Equity Loan Calculator
This calculator will tell you the maximum loan amount you can get if you would like to get a HELOC second mortgage.
Upside Down Mortgage Calculator
This is a Short Sale vs Hold for a term of years. The answer will give you the numbers that will let you know if it makes sense to sell or hold.
15 Year vs 30 year comparison calculator
This will show the difference in payment from a 30 year mortgage and a 15 year mortgage
Amortization Schedule Calculator
This will create an amortization schedule.
Income Tax Calculator
This will tell you what your tax will be at a point of income. PLEASE NOTE: This calculator is based on tax law before the new law was passed in December 2017.
Interest Only Mortgage Calculator
This will tell you how much interest you will be paying each month
Mortgage Tax Deduction Calculator
PLEASE NOTE: This calculator is based on tax law before the new law was passed in December 2017. It should work fine if you input the correct tax bracket based on the new law.
Straight-Line Deprecation Calculator