Melody Champney / REALTOR / Sarasota, FL
Your Residential Real Estate Market Analyst
Melody Champney

Cell/Text Msg : (941) 376-0653 : : MelSellsFLA@aol.com (mobile email)


Calculate Your Price Range


Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Your GROSS MONTHLY INCOME is your ANNUAL SALARY or HOURLY PAY divided by 12.  Your HOME EXPENSES (Principal, Interest, Property Taxes and Insurance) should not be more than 25% of this amount.  Your TOTAL EXPENSES (Housing and Car Payments, Credit Card, and other Loan Payments) should not be more than 37% of the GROSS MONTHLY INCOME.
 

HOMEOWNERS INSURANCE is APPROXIMATELY .25% to .50% of the MARKET VALUE of your HOME. 

PROPERTY TAXES are a MINIMUM of 1.5% of the MARKET VALUE of your HOME.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

 

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $
Annual Insurance:  $
0.43%of Cost
Annual Property Tax:  $
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Mortgage   Qualification   Affordability   Rent vs Buy    

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:    
 


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