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For a complete explanation of what this calculator does and what information you will need to provide for proper analysis, simple click on the “Help” tab above.
YOUR LOAN: How much will the bank lend you?
Gross monthly income
Monthly debt payments
Monthly real estate tax and insurance
Mortgage insurance
Your ratios
Ratios allowed
Housing ratio
Monthly
Payment
Total obligation ratio
Loan Term
Interest rate
Amount you can borrow
YOUR INITIAL CONTRIBUTION: Down payment
Estimated equity in your current home
Selling costs
Closing costs
Savings you can spend
Amount you can use for your down payment
Amount of house you can afford
Percentage of total price covered by your down-payment
Amount of house you could buy if this down payment were
(%) percent of total price
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