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Mortgage Calculators

Use to calculate both your maximum monthly mortgage payment and the maximum purchase price of your home based on the numbers you input.

Lenders typically allow the lessor of these two calculations as your Maximum Monthly Expense:

a) 28% of your monthly gross income, or

b) 36% of your monthly gross income less any long term obligations.

Enter Your Information in All White Area Fields

Annual Gross Income: 

$

Monthly Long Term Obligations

Mortgage Information

Child Care $ Down Payment: $
Credit Cards $ Annual Interest Rate: %
Autos $ Number of Years: yrs
Insurance/Other $    

Answers Based on Your Input 

Maximum Monthly
Mortgage Payment:
$

Maximum Purchase Price
$

Your Monthly Mortgage Payments

Use to determine your approximate monthly payment
Enter Information to Approximate Your Monthly Payments
Purchase Price:
$ 		Down Payment:
$
Annual Interest Rate:
%		 Number of Years:
yrs
ANSWERS
Monthly Payment Before Taxes and Insurance:
$ per month
Monthly Payment After Estimated Taxes and Insurance:
$ per month

 

Amortization Schedule for Your Purchase
Number of Months of Loan Simple Interest Rate Total Amount of Loan
% $

After obtaining your amortization schedule in the window below, you must 
Mark (Control-a or Apple-a) the text, Copy (Control-c or Apple-c) and Paste it (Control-v or Apple-v) into a new word processing document on your system. It cannot be printed out from this screen.
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