Ann Arbor real estate MI, Dexter real estate and Chelsea real estate, home listings and homes for sale in Michigan, Luxury Homes and New Construction - Elizabeth Brien, REALTOR® Elizabeth Brien REALTOR(r) for Ann Arbor, Dexter and Chelsea, Michigan real estate - NUMBER1EXPERT™ Elizabeth Brien NUMBER1EXPERT(tm) for Ann Arbor, Dexter and Chelsea, Michigan real estate
View Contact Information for Elizabeth Brien, Realtor(r) serving Ann Arbor, Dexter and Chelsea, MI in Washtenaw                      County > Pop-Up Window
Click to Email Elizabeth Brien, REALTOR(r) serving Ann Arbor, Dexter and Chelsea, MI in Washtenaw                      County
Login
Sitemap
Elizabeth Brien, REALTOR®, real estate agent and broker for Ann Arbor, Dexter and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
I have served the greater Ann Arbor area for 24 years. Find out why I am a top agent, and how I can work for you. Call me at: 734-669-5989.

All My Listings
All Area Listings
Instant Email of My New Listings
Instant Email of Neighborhood Comps
First-Time Buyers
My Open Houses
My Blog


Mortgage Calculators: Ann Arbor, Dexter and Chelsea Michigan home buying, real estate listings, and homes for sale in Washtenaw                      County, MI
Welcome > Resources > Mortgage Calculators > Monthly Payments & Schedule ...


The Best Mortgage Calculators On the Web!
 

Please try my 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...
 

How Much Should Your Income Be?

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Desired mortgage amount
The total loan amount you are looking to qualify for.

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.




Elizabeth Brien, REALTOR®, real estate agent and broker for Ann Arbor, Dexter and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Elizabeth Brien
The Charles Reinhart Company Realtors

2355 W. Stadium
Ann Arbor, MI. 48103
Elizabeth Cell: 734.645.4444
Bruce Cell: 734.476.1103
Office Direct: 734.669.5989
Office Switch: 734.665.0300
Fax: 734.769.8271
Email: info@elizabethbrien.com

Elizabeth Brien is a dedicated champion for the achievement of the dreams and goals of her clients and their families. Elizabeth's keen ability to establish relationships with her clients, her vast marketplace knowledge, and her focus and effort, have resulted in a significant list of satisfied, and often repeat, clients. Elizabeth has 24 years of experience throughout the entire residential market - new construction and re-sale of homes, condos and income properties. With over $46.5 million in sales in 2007, and $528.5 million in career sales, Elizabeth Brien, an Associate Broker with The Charles Reinhart Company, has established herself as one of the Top Three Producers in Washtenaw County. Please contact Elizabeth for information concerning the Ann Arbor and greater Washtenaw County areas, and for assistance in buying or selling a home in Ann Arbor, Saline, Dexter, Chelsea or any other part of Washtenaw County.

Equal HousingREALTOR


The Charles Reinhart Company Realtors real estate and homes for sale in Ann Arbor, Dexter and Chelsea Michigan

www.elizabethbrien.com is brought to you by Elizabeth Brien
NUMBER1EXPERT™ for Ann Arbor real estate MI, Dexter real estate and Chelsea real estate, Michigan, Luxury Homes and New Construction

Read My Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge




USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.



This Ann Arbor, Dexter and Chelsea Michigan web site is brought to you by Elizabeth Brien, REALTOR®

Return to Top >