What Can I Afford? – Joni Greer Joni Greer navigation Home Page Want to Buy? Want to Sell? What Can I Afford? Home Evaluation FREE Reports About California Meet My Clients Paws Page Useful Links Contact Me Meet Joni Hot Listings Search MLS Listings Joni Greer Selling Calabasas, Encino, Tarzana, Sherman Oaks, Studio City - All San Fernando Valley Cities navigation Home Page Want to Buy? Want to Sell? What Can I Afford? Home Evaluation FREE Reports About California Meet My Clients Paws Page Useful Links Contact Me Meet Joni Hot Listings Search MLS Listings How Much Can You Afford? Let me help you find out! My mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying. Ask me about a 3-1/2% down FHA loan program with closing costs! Ask me about a loan program that includes money to fix up the property the way you want! 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 e-mail yourself a copy of your results, click the Receive this Detailed Analysis link. Try entering different home prices to see what your payment will be monthly. To learn about my buyer's agent services click on Buying. Required Fields Required term in years Must be a number between 1 and 50 Term In Years: Required interest rate Must be a number between 1 and 100 Interest Rate: % Required cost of home Must be a positive number. Maximum of 2 decimal places. Cost of Home: $ Required down payment Must be a positive number. Maximum of 2 decimal places. Cannot be more than Cost of Home Down Payment: $ Required annual insurance Must be a positive number. Maximum of 2 decimal places. Annual Insurance: $ Estimate Insurance to 0.43% of Cost Required annual property tax Must be a positive number. Maximum of 2 decimal places. Annual Property Tax: $ Estimate Tax to 1.2% of Cost Required monthly income Must be a positive number. Maximum of 2 decimal places. Monthly Income: $ Required monthly debt Must be a positive number. Maximum of 2 decimal places. Monthly Debt: $ Optional Fields Gross Debt Service Ratio (GDS): 28% 29% 30% 31% 32% 33% 34% 35% 36% 37% 38% 39% 40% 41% 42% 43% 44% 45% 46% 47% 48% 49% 50% 51% 52% 53% 54% 55% 56% 57% 58% 59% 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 70% Total Debt Service Ratio (TDS): 36% 37% 38% 39% 40% 41% 42% 43% 44% 45% 46% 47% 48% 49% 50% 51% 52% 53% 54% 55% 56% 57% 58% 59% 60% 61% 62% 63% 64% 65% 66% 67% 68% 69% 70% Condos Fees: $ Must be a positive number. Maximum of 2 decimal places. 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: 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: $ RequiredMust be a positive number Annual Rental Increases: RequiredInvalid% Monthly Renter Insurance: $ RequiredInvalid Savings or Investment Rate: RequiredInvalid% Owning Planned # of years in home: RequiredInvalid Yearly appreciation of the home: RequiredInvalid% Annual home maintenance: RequiredInvalid% Contact Information CALL ME NOW to get your FREE Rate Quote! Joni Greer, Realtor® CalBRE# 01187974 Quality Service Certified 818-906-2150 818-970-5664 JoniGreer@Realtor.com I'm here to answer your questions! Cell: 818-970-5664 Fax: Other: 818-906-2150 Work Phone: 818-906-2150 Email Joni Privacy Policy | Site Map | Profile | Sign In Choose language: English Română Français Español اردو/ہندی Русский Real Estate Website powered by Point2 Calabasas Point2 Homes ©2003-2022 Joni Greer