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Mortage calculators  for Mobile Daphne Fairhope Spanish Fort buyers

My calculators will help you determine loan amounts, payments, mortgage qualification, affordability or whether you should be renting or buying the home you choose in Daphne, Fairhope or Spanish Fort, Alabama in Daphne, Fairhope, Malbis, Mobile, Montrose, Point Clear or Spanish Fort, Alabama.

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.

 
Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43%of Cost:
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost:
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

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:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %
  Barbara Reeves, Your Key to Gulf Coast Real Estate

Your Key to Gulf Coast Real Estate

Barbara S. Reeves
Associate Broker, REALTOR®
Accredited Buyers Representative
Certified Residential Specialist
Real Estate Cyberspace Specialist
Fine Home Specialist, e-Pro® Certified

(888)489-8001
(251) 510-0629
Email Me!

Talk to Barbara about Gulf Coast real estate now! Re/Max by the Bay Gulf Coast Real Estate
RE/MAX by the Bay REALTORS®
6483 Van Buren Street Suite 101
Daphne, Alabama 36526
Phone: (251) 621-2588
 
       
 

Web site design © Suzanne Stephens 2008.  Site content © Barbara Reeves 2008.

 


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