The Best Mortgage Calculators On the Web! Please try our 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.
First Time Buyers >Services from a Real Estate Agent
It's an old adage that "the best things in life are free." One of these things is extremely valuable to home buyers -- the advice of an experienced real estate sales professional.
In the traditional home sale, it is the seller who pays the commission that is divided among the various sales professionals involved in the transaction. Unless you are hiring a buyer's broker, the buyer gets several free services from the real estate agent: 1) Target marketing that locates the homes you can afford; 2) Loan pre-qualification that saves you time; 3) Guidance in obtaining the best mortgage terms.
The marketing professional knows that if there is no financing, there is no purchase. Most real estate agents have become quite expert in the mortgage market. Please contact a real estate professional if you are seeking advice about buying or selling a property.
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What is a Buyer Broker?
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A buyer broker represents buyers, helping them to find the best property and negotiate the best purchase price and terms.
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Chris Kare Home Team
Dean Christofilos, Managing Broker Owner
Volo and Tinley Park Offices
Phone: 815-385-1500
Fax: 708-633-9341
Email: Dean@ChrisKareRealty.com
We are Real Estate Buying and Selling Experts. All our services are geared to help you, our valued client have a successful and pleasant experience.   
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