How Much Can You Afford?

These calculators below will help you determine loan amounts, mortgage qualification, affordability and what price range you should be considering.

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.

Also you may wish to contact one of our Recomended Lenders.

Local contact for Bank of American. Wide range of mortgage choices with this national lender.

Andrew Rocco - Crown Financial 386-623-2970 386-754-0702 http://www.crownfinancialmortgage.com Call for loan approval & prequalification. Conventional, 100% financing. Excellent customer service.
Ginny Collier - Suntrust Mortgage 386-365-0491 386-466-1135 http://www.suntrustmortgage.com A proven mortgage professional specializing in FHA/VA, construction perm, knowledgeable in SHIP funding. Call today for a quick pre-qualification.
Jacob Sparks - Millenia Financial 386-623-2372 386-755-8790 http://www.millenia-financial.com Programs for financing up to 50 acres of land. Full & Stated Documentation options. 100% financing. Conventional home loans.
Robb Burns - First Federal Savings Bank 386-754-7150 http://www.ffsb.com Construction to Perm., Mobile Home, low down payment possible. Flexible terms for teachers, firefighters, law enforcement, & health care workers.
Betty Trawick - Bank of America 386-719-4475 http://ae.bankofamerica.com/bettyjtrawick

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

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:

Income Needed to Qualify for the Mortgage

Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:

What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid