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| Tracy Kerzanet, Richmond area Real Estate Expert |
Uncommon name. Uncommon service. |
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How Much Should You Afford?
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Many times buyers are approved by lenders for far more than what would be a "comfortable" monthly payment. Calculate your other monthly payment obligations, estimate utilities and use the clculatore below to determine how much house you can comfortably afford.
Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link. |
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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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Please feel free to contact me with any questions.
Tracy Kerzanet,ABR
Prudential Slater James River Realtors
804-338-2062
TKerzanet@PruRichmond.com
Not moving into or out of Richmond? I can help you or someone you care about find a reputable broker/realtor anywhere in the world! I have an extensive network and am happy to help. |
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