How Much Can You Afford?

This unique calculator is really four calculators in one!

By entering your information once, the calculator will help you determine loan amounts, mortgage qualification, affordability and 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 receive an e-mail containing the results, click the Receive This Detailed Analysis

Contact me if you have questions,
or if I can assist you in locating a favorable financing alternative
for your new home in Franklin Tennessee, or the surrounding areas.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

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:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Need Financing Information?

I can help you identify the best way to obtain financing. Give me a call. Your home search will be much easier if you're pre-approved!



Denise Ruiz
Email Denise

Phone:	615-378-9009
Cell:	615-319-9294
Fax:	615-224-6176
Address:	Team Wilson-Vision Realty Partners, 1550 N. Mount Juliet Road, Suite 107
City:	Mount Juliet
State:	Tennessee 37122
Country:	United States

Mortgage Rates

These rates do not reflect rates from specific lenders in this area. The information is provided to you as a general overview.

DENISE RUIZ
REALTOR®, SRES, CSP, RCS-D

Team Wilson-Vision Realty Partners

Cell: 615-319-9294
Office: 615-378-9009

1550 N. Mount Juliet Road, Suite 107
Mount Juliet, TN 37122

"Each office is individually owned and operated"

Providing Real Estate Services in:
Brentwood, Franklin, Nashville, Nolensville, Mt Juliet, Murfreesboro, Thompson Station and Spring Hill, Tennessee

Real Estate Marketing & Listing Syndication By Point2
Search Homes for Sale With Point2

How Much Can You Afford?

Need Financing Information?

Mortgage Rates