Melanie Stern
 

 
Melanie Stern At Home. Real Estate Success Stories Built On Trust.


Melanie Stern

A Place Called Home.


 

A Special Note


If you have already spoken with a Mortgage Broker or Loan Officer and they have told you how much home you qualify for (i.e. purchase price of $300,000) please beware.

At this point in the loan pre-qualification process is often where the miscommunication begins. All too often Buyers are told how much they qualify for but are left in the dark about what it equates to in a monthly mortgage payment.

Can you imagine sitting at the closing appointment at the Escrow company and finding out then what your monthly payment is? Your ability to make your mortgage payments is of the utmost importance. Find out all the particulars regarding your loan pre-qualification. No one likes the surprise of an unexpected financial burden.


How Much Can You Afford?


 


Our calculators will help you determine loan amounts, mortgage qualification, and affordability.

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 Analysislink.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $
Annual Insurance:  $
0.43%of Cost
Annual Property Tax:  $
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
        
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:    
 



   

 


    

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