Grand Rapids Realty and Homes for Sale
Contact Me  |  About Me
 
Grand Rapids Real Estate-Tami Vroma 616-209-8626

How Much Can You Afford?


 
Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should 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.

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:  %

      

 

Five Star Real Estate

Tami Vroma

4601 Lake Michigan Drive NW

Grand Rapids, MI 49534

616-209-8626

Email Me:

Tami (at) GRHomePro.com

 

Grand Rapids Realty-Homes for Sale  |  Home Search  |  Selling a Home  |  Buying a Home  |  West Michigan Horse Farms for Sale-Equestrian Prop  |  West Michigan Lakefront Property  |  Featured Listings  |  Grand Rapids Foreclosure-Short Sale FAQ  |  Grand Rapids Short Sale Submission  |  Home Evaluation  |  My Blog  |  Community Pages  |  Grand Rpids and West Michigan Luxury Homes  |  West Michigan Picuture Gallery  |  West Michigan Horse Properties Picure Album  |  MDD Results  |  Michigan Judged Trail Rdie  |  Testimonials  |  ShowThisHome  |  8656 Hawthorne Drive, Jenison MI
Contact Me  |  About Me
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: