Ann Arbor real estate and homes for sale in Ann Arbor Michigan - Saline, MI real estate, Ypsilanti real estate - Missy Caulk and Team, REALTORS® Missy Caulk and Team REALTORS(r) for Ann Arbor, Saline, and Ypsilanti, Michigan real estate - NUMBER1EXPERTS™ Missy Caulk and Team NUMBER1EXPERTS(tm) for Ann Arbor, Saline, and Ypsilanti, Michigan real estate

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Missy Caulk and Team, REALTORŪ, real estate agents and broker for Ann Arbor, Saline, and Ypsilanti Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
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Mortgage Calculators: Ann Arbor, Saline, and Ypsilanti Michigan home buying, real estate listings, and homes for sale in Washtenaw                      County, MI
Welcome > Resources > Mortgage Calculators > Your Maximum Mortgage ...


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. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep...
 

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.

This Financial Calculator requires a Browser with Java Support



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:

  1. Monthly Income X 28% = monthly PITI
  2. 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.




Missy Caulk and Team, REALTORŪ, real estate agents and broker for Ann Arbor, Saline, and Ypsilanti Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Missy Caulk & Team Ann Arbor Real Estate
Keller Williams Ann Arbor

2144 S. State Street
Ann Arbor, MI 48104
Direct Line: 734-821-0757
Office: 734-995-9400
Cell Phone: 734-216-2822
Fax: 734-864-1545
Assistants Direct Line: 734-944-6098
Email: Missy@MissyCaulk.com
Betty: basteele@comcast.net
Christa: Christa@ChristaCaulk.com
Patty: pnieman-beeson@cablespeed.com
Judy: Judy@JudyWhitfield.com

As a transplanted Southerner, I have lived and raised five children in the Ann Arbor area for the past 25 years. I know that this is a truly great place to live. My husband Mike (who personally trained our three quarterback sons) and I are deeply rooted in this warm and spirited community, which is a great advantage when it comes to finding your family the right home in the right place at the right price ! I get dozens of referrals every year from former clients, many of whom have become friends, because they value not only my professionalism and knowledge of the market, but my honesty and straightforwardness. Member of REMAX Hall of Fame, Platinum Club, Number 1 Top Producer in Remax Platinum. Purchasing a home is one of the bigger things we do in life. I promise you that the process of doing this, as well as the result, will be enjoyable and rewarding for both of us. In order to serve our clients, we have 4 Buyer Specialists available to give you the best possible service.

GRIeProEqual HousingMLSREALTORwcr


Keller Williams Ann Arbor real estate and homes for sale in Ann Arbor, Saline, and Ypsilanti Michigan





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