The Best Mortgage Calculators On the Web! Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... What's Your Maximum Mortgage?
What is your maximum mortgage? That largely depends on your income and current monthly debt payments. This calculator collects these important variables and determines your maximum monthly housing payment and the resulting mortgage amount.
Definitions
- Monthly income
- Total monthly income from all sources. All income should be entered before taxes.
- Monthly housing expenses
- Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.
- Monthly liabilities
- Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.
- Monthly housing payment (PITI)
- This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:
- Monthly Income X 28% = monthly PITI
- Monthly Income X 36% - Other loan payments = monthly PITI
- Maximum principal and interest (PI)
- This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.
- Start interest rates at
- The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.
- Term in years
- The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Zoning Laws >Keeping an Eye on Zoning Decisions
Zoning classifications are the most important tool that a local government has to control the way land is used in a community. Areas designated as residential may have further controls on housing density for single family homes, townhouses or multiple-family houses. There are usually areas set aside for industrial, commercial and recreational purposes. Zoning boards spend their time listening to requests for exceptions to these rules or hearing arguments from parties who want to change or bend the existing zoning regulations.
These zoning decisions have a major impact on the surrounding neighborhoods. Citizens' groups often get involved in testifying at hearings on proposals that could affect their property values or their quality of life. These groups help create interest about issues in the local press and work to educate their neighbors about matters affecting them. Developers who go before a zoning board seeking major changes are wise to involve the local neighborhood group in formulating proposals that will affect those homeowners.
|
| Q |
What are three of the best indicators of real estate market trends?
|
| A |
Existing home sales, new home building and mortgage interest rates.
|
 See More Real Estate Trivia > |
|
|
Peggy Fox
Prudential Alliance, Realtors
17050 Baxter Rd., Suite 200
Chesterfield, MO 63005
314-805-7524
Fax: 636-537-2405
peggyfox@NUMBER1EXPERT.com
I am a firm believer in the value of real estate as a great investment! I have helped clients buy and sell properties in both Missouri and 'The Gold Coast' of Connecticut. Having made many moves myself (California, Connecticut, Michigan, Pennsylvania, Washington, to name a few) I understand the emotions and stress involved in moving, whether within town or to a completely new location.
As a token of my appreciation for the trust my clients have in me, I make a donation to the charity of your choice for every closed transaction. It would be my pleasure to assist you in your real estate transaction.
www.PeggyFox.com is brought to you by
Peggy Fox
NUMBER1EXPERT™ in real estate for
Chesterfield, Wildwood and West St. Louis, Missouri, Golf Communities Read Peggy Fox's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
.gif){kind=logo}
