Steve Swanson PO Box 2426 Redmond, WA 98073 Mobile: 425.736.6849 Email Steve

How Much House Can You Afford?

This calculator will help provide an estimate of loan amounts, mortgage qualification, and affordability.
Complete the fields and click 'Calculate Now'.  To view the results of each calculation, click on the various tabs.

Click the 'Receive this Detailed Analysis' link to eMail yourself a copy of the results.
 

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:  %

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Steven L Swanson is a Managing Broker affiliated with Coldwell Banker Danforth, Inc and a Realtor©.

11300 Pinehurst Way NE, Seattle, WA  98125   ph:  206.971.8800
Direct Mail:  PO Box 2426 Redmond, WA  98073-2426  Cell:  425-736-6849
Coldwell Banker® is a licensed trademark of Coldwell Banker Real Estate Corporation.
Each Office is Independently Owned and Operated.  Fair & Equal Housing Opportunity.


A REALTOR® is a real estate professional who is a member of the National Association of REALTORS ®.


 ©2002-2018 Steve Swanson hello Real Estate NETWORK