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Affordability Calculator

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Monthly Debts

Monthly Debt includes the payments you make each month on auto loans, and credit cards (minimum payment) and student loans. Exclude Rent and Utilities.

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Payment Breakdown

$1,523.64

per month

  • Principal & Interest $1,073.64
  • Taxes $100.00
  • Insurance $100.00
  • HOA Dues $0.00
  • PMI $250.00

Loan Details

  • Home Value: $200,000.00
  • Mortgage Amount: $200,000.00
  • Monthly Conventional Payment: $1,073.64
  • Down Payment: $0.00
  • Monthly Estimated PMI: $250.00
Monthly Mortgage Payment

$1,523.64

 Loan Amount

$200,000.00
Your Debt to Income Ratio

30.47%/60.47%

 Allowable Debt to Income Ratio

50%/50%
Purchase Price $200,000
Down Payment $0
Summary: Based on what you input into today your Total Payment would be $1,523.64 on a Conventional Loan with a 0.00% Down Payment. Your Debt-to-Income Ratio is 30.47%/60.47% and the maximum allowable on this program type is 50%/50%. Please confirm all these numbers for accuracy with your loan officer. The Monthly Debts Calculation is often where we see errors.

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Ready to Take the First Step Towards Your Dream Home – Calculate Your Mortgage Payments Easily?

Unlock the power of our Mortgage Calculator to get a clear picture of your future mortgage. It’s quick, easy, and incredibly insightful!

Here’s how to get started:

  1. Estimate Your Gross Monthly Income: Add up your earnings before taxes.
  2. Tally Up Your Monthly Debt Payments: Include expenses like car loans, credit cards, and other loans.
  3. Enter Your New Home Price: The price tag of your dream home.
  4. Specify Your Down Payment: How much you plan to put down upfront.
  5. Input the Interest Rate: The rate you’re aiming for.
  6. Estimate Your Credit Score: Your current credit standing.
  7. Include Homeowners Association Fees: If applicable.

With these details, our Mortgage Calculator will provide you with:

  • Monthly Mortgage Payment: Know exactly what you’ll be paying each month.
  • Debt-to-Income Ratio (DTI): Understand how your debts compare to your income.

Why wait? Start planning your home buying journey today. Calculate your mortgage payments easily. Enter your details and see your potential mortgage payments instantly!

Disclaimer:

Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. We do not guarantee the accuracy of any information or inputs by users of the software.

This calculator does not have the ability to pre-qualify you for any loan program which should be verified independently with one of our Loan Consultants. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. We do not guarantee any of the information obtained by this calculator.

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