The Best Mortgage Calculators On the Web! Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... What's Your Maximum Mortgage?
What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
Definitions
- Monthly income
- Total monthly income from all sources. All income should be entered before taxes.
- Monthly housing expenses
- Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.
- Monthly liabilities
- Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.
- Monthly housing payment (PITI)
- This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:
- Monthly Income X 28% = monthly PITI
- Monthly Income X 36% - Other loan payments = monthly PITI
- Maximum principal and interest (PI)
- This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.
- Start interest rates at
- The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.
- Term in years
- The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Time to Move >Moving On Up
Many people buy their first homes before they start a family or become established in their careers. A few years later their life circumstance has changed. They need more space or have increased income to invest in a higher priced home.
Changes in lifestyle often create changes in housing needs. A big promotion may require you to do more at-home entertaining. This translates into the need for a larger kitchen and additional living space. If you are starting a family, it may be time to trade your sophisticated home in the city for a house which has a big yard and is located in a good school district. If changes in your life have prompted thoughts of moving, an agent will be happy to discuss all of the possibilities with you. Your agent can determine what your present home is worth and show you homes that will meet your current needs.
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| Q |
What island in the St. Lawrence River was given away on a television game show in 1964?
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| A |
Price is Right Island was given away by Bill Cullen on "The Price is Right." |
 See More Real Estate Trivia > |
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Bonnie Fagoh
C21 Beggins
6542 US Hwy 41 N
Apollo Beach, FL 33572
813-658-1344
Fax: 813-645-8892
BonnieFagoh@NUMBER1EXPERT.com
Bonnie Fagoh Awarded Centurion **
Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has been awarded Centurion level recognition for 2009***
In a year that experts have noted as a difficult one, Bonnie has quietly gone on with what she loves and that is helping families find fantastic opportunity in this coastal community and it shows! She had her best year yet in 2009. "What I have found in 2009 is that many people are very frustrated with the "foreclosure bargains" that they have considered, only to find after many aggravating months and much frustration with the lenders that it is just not worth the wait. They miss out on some great buys waiting on short sale approval, or are outbid on a bank owned property. Of course, these distressed properties are "as is", in need of repair and neglected so they may not be the "best deal". I have helped families buy brand new homes with full warranties and close in 30 to 45 days. (Many short sales take 4 to 6 months or more and can "fall apart" right at closing). Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost). Several builders have bought lots at a drastically discounted price from other builders, so now thay can offer a buyer a new home at a very attractive price." "The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course all the normal due diligence has to be performed. For example, what is the history of the neighborhood? Many of these factors cannot be determined from photos or a written description... No, in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. " I have lived in my area over 20 years and in Tampa Bay for over 44 years so the trends to me are clear, says Bonnie. Ask how was your 2009?" 
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