Merry Anne Stone, R, ABR, e-PRO, SFR The Key to Happiness is Elevation!

How Much Can You Afford?


 The loan calculator below will help you determine loan amounts, mortgage qualification, affordability, and whether it makes more sense for you to be renting or buying.

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.

If you have any additional questions, please feel free to contact me via e-mail or call me directly on my cell# at (808) 960-2082.

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:  %

Merry Anne Stone, RB, ABR, e-PRO, SFR
Proud to be a REALTOR®!


Hawaii Life Real Estate Brokers / 7 Puako Beach Drive, Kamuela, Hawaii 96743 / Office # (808) 960-2082 / (800) 667-5028
 
©2014 Hawaii Life Real Estate Brokers, All Rights Reserved.
Hawaii Life Real Estate Brokers  is an Equal Opportunity Company.Hawaii Life Real Estate Brokers  fully supports the principles of the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). This website shows properties represented by Hawaii Life Real Estate Brokers . but also properties represented by other members of Hawaii Information Service. Some information appearing on this site has been obtained by third parties, and while deemed to be reliable, is not guaranteed.

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