How Much Can You Afford?

This calculators will help you determine the loan amount that will fit into your budget, assist with mortgage qualification and affordability or whether renting or buying is your best financial option.

Complete the fields listed below and click Calculate Now. To view the results of each calculation, click on the various tabs. If you would like a copy of your resultsl, click the Receive this Detailed Analysis link.

Required


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

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

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:

News

Home mortgage rates and real estate news - CNNMoney.com
How the housing rescue bill can help you	7/23/2008 1:45 PM
The House is expected on Wednesday to pass a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
New Fed rules miss one key lending abuse	7/23/2008 2:42 PM
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.
Need a mortgage? Bring cash	7/22/2008 6:05 PM
Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.
Mortgage applications fall 6.2%	7/23/2008 7:39 AM
Read full story for latest details.
A plan to jumpstart the mortgage market	7/17/2008 2:54 PM
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.
Latest home prices - first quarter	5/19/2008 10:09 AM
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
Where home prices are headed next	5/19/2008 10:23 AM
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.
California foreclosures hit 20-year high	7/22/2008 12:10 PM
Read full story for latest details.
Wachovia to exit wholesale mortgage business	7/22/2008 4:56 AM
Read full story for latest details.
U.S. home prices drop 4.8% in May	7/22/2008 9:15 AM
Read full story for latest details.

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Megan L. Clement

Realtor, GRI, ABR, ePro

Keller Williams Davie
149 Yadkin Valley Road Suite 101
Advance, NC 27006

Office: 336.231.8419

Cell: 336.239.7501
Fax: 336.231.8469

email: Megan@DavidsonCountyHomefinder.com

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How Much Can You Afford?

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