Calculators

Looking for a home is an exciting process, but first you must have an idea about what you can afford. That's why I've built four powerful calculation tools for you to get an idea of your buying power before you begin the process.

Note: These calculators require Netscape Navigator 3 or higher, or Microsoft IE 3 or higher with JavaScript enabled to run properly.

Payment Calculator

The Payment Calculator is the most straightforward tool. By entering the price of the home, a current interest rate, the estimated real estate tax, the length of the mortgage loan, and what you plan to apply as a down payment, this calculator will give you your monthly payment (plus the breakdown of what makes it up).

Note: Remember, with less than a 20 percent down payment, mortgage insurance will apply.

Debt Consolidation Calculator

Use the Debt Consolidation Calculator when you are considering using the equity in your home to pay off several smaller debts and make one monthly payment. The interest on this loan may even be tax deductible, but you'll need to discuss those details with your tax advisor.

Affordability Calculator

By entering your new estimated mortgage amount, interest rate, down payment, and other monthly household debt, the Affordability Calculator will tell you how much money your household needs to make in order to afford your new home.

Note: Do not use commas. These numbers are meant to be approximates only and are affected by a number of household situational factors. Contact your loan officer for more information.

Loan Amortization Calculator

When you want to see the breakdown of principal and interest in each payment over the entire course of your loan, use the Loan Amortization Calculator.

Note: For a complete explanation of what all these numbers mean, ask me.