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Home Loan Calculators
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Use the calculators to 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.
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (
%): |
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| Total Loan(Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of
% GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio.
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| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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Bob Elliot - REALTOR®
26 Years Local Hands-On Experience!
Traditional, Short Sales and Contract for Deeds
Direct 612.578.6162 Fax 612.246.4198
bob@minnesotarealestatetoday.com
http://www.minnesotarealestatetoday.com
  
*This website is for informational purposes only.
Information is not intended as tax or legal advice
RES Realty
Burnsville, MN 55337
RES Realty is not a mortgage lender and so you should contact a mortgage lender
providing the mortgage product(s) identified directly to learn more about its mortgage
products and your eligibility for such products.
 
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