Michigan Real Estate-Southeastern Region-Remax
Your Macomb Home Expert
Debby Poronto

How Much Can You Afford?


 Own a home calculator You think you want to become a home owner.  Are you ready? 
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying. For more information on renting vs. buying, visit the renting vs. buying page.  Of course, one of the best ways to determine if you are ready to buy a home is to visit your reputable mortgage professional.  He or she will determine what you can purchase, check your credit score, and give you some idea of your payments.

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
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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