|
|
Michigan Condominium Buyers Calculator
|
|
The Condo House.com Exclusive MI Real Estate Service for MI Condominium Buyers and Condominium MI Sellers. For Northville MI, Novi MI, Plymouth MI, Canton MI and Livonia MI |
How Much Condo Can You Afford?
|
|
|
 |
FREE - Use the calculators to help you to determine and compare your different loan amounts, your mortgage qualifications, condo affordability and whether you should be renting or buying Northville MI condos, Novi MI condos, Plymouth MI condos, Canton MI condos, and Livonia MI condos. Just complete the fields below and then click Calculate Now. To view the results of each of your calculations, click on one of the various tabs. You can then save and email yourself a copy of the results by clicking on the Receive this Detailed Analysis link. Have questions about your results? Would you like to have a lender review your results?
Would you like for a lender to contact you?
Would you like to know what to expect when working with a lender? Just let us know and we'll take care of it for you! Call TODAY ... to get ALL your Questions answered! 734-536-2386 callkoach@yahoo.com |
|
|
|
|
|
Required
|
Optional
|
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: |
|
|
| |
| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
|
|
|
|
The Condo House - Northville, Novi, Plymouth, Canton, and Livonia Weather
|
|
|
|