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... How Much Should Your Income Be?
What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.
Definitions
- Desired mortgage amount
- The total loan amount you are looking to qualify for.
- 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.
Buying Land and New Construction >Lot Location If you are buying land on which to build, you may be eager to get started. But before you leap into buying land, remember that location is the one essential element you won't be able to change. You will never regret taking the time to fully consider the setting for your home.
Make a list of the must-have features that will exist on your ideal piece of land. Do you require a lakefront property or a spectacular view? If privacy is high on your list, you may want to look for land that is heavily wooded, or purchase secluded acreage in a rural setting. Decide on the minimum size lot that will work for the setting of your home. Are you willing to build on a slope or a hillside? Knowing your requirements will help your real estate agent save you time by eliminating unsuitable properties.
Select two or three of your favorite neighborhoods and ask your agent to concentrate the search for land in those places. If you are building in an area you are not familiar with, drive or take walks around the neighborhood and talk to people who live there.
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Jody Peske
Keller Williams Realty
1540 Westbrook Plaza Drive
Winston Salem, NC 27103
Cell: 336-918-7496
Fax: 336-231-8341
Office: 336-231-8241
jodypeske@NUMBER1EXPERT.Com
I really enjoy what I do and it shows. I work very hard for my clients as I consider them life-long friends. Whether you are buying or selling a home, I am ALWAYS FOCUSED ON WHAT'S IMPORTANT TO YOU!    
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