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... How Much Should Your Income Be?
What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.
Definitions
- Desired mortgage amount
- The total loan amount you are looking to qualify for.
- 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.
Investment Real Estate >Real Estate Booms
Some economists link the buying habits of "baby boomers" to the demand for homes in this country. They argue that the population will stabilize or decline as these potential buyers age and their children are grown.
What is left out of such a picture is that the emerging real estate market is made up of people who are immigrating to this country. When these newcomers have achieved a stable income, they look for the best living situation they can find, often preferring buying to renting.
Real estate continues to be an attractive investment opportunity. If you are sitting out the current market because you are afraid that the appreciation won't continue, you may want to re-think your decision. Today's market is providing opportunities for homeowners and smart investors from all over the globe.
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What classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?
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Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box." |
 See More Real Estate Trivia > |
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Marty Weil Group
RE/MAX Equity Group
9790 SW Nimbus Ave.
Beaverton, OR 97008
Phone: 503-680-4868
Email: Marty@MartyWeil.com
“We both feel grateful that we found an agent who was not only skilled and knowledgeable…, but also a genuinely considerate person." Marty Weil (pronounced “while”), a native Oregonian, has been providing exceptional service to real estate Buyers and Sellers in Beaverton, West Portland, Tigard, and the surrounding areas in Oregon for almost 20 years, ranking consistently as one of the highest producing agents in the local industry. In today’s market, having the assistance of a Realtor® with extensive experience is more important than ever.
It is Marty’s integrity, expertise and in-depth knowledge of our local market that enable him to so successfully represent both Buyers and Sellers. Marty’s past clients’ high level of satisfaction bears testimony to the exceptional service he provides. He is committed to helping clients seven days a week and making the home buying or selling experience enjoyable and stress-free.
If you expect exceptional service and the highest integrity from your Realtor®, give Marty a call at 503-680-4868, or send him an email today.  
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