Nina Fradl Real Estate in Sussex & Pike Counties YOUR needs ahead of my own. ALWAYS.

Mortgages


 
Before starting the home search process, it is critical that you are pre-approved for a mortgage and understand the numerous financial options available to you.

WHAT IS A PRE-APPROVAL OR PRE-QUALIFICATION?
Simply put a pre-approval or pre-qualification is a letter from a qualified licensed mortgage banker stating you have met the basic qualifications to secure financing.

WHY DO I NEED A PRE-APPROVAL OR PRE-QUALIFICATION?
It allows your Realtor? to present an offer on a property and prove you are financially capable to purchase.

HOW DO I GET A PRE-APPROVAL OR PRE-QUALIFICATION LETTER?
Please fill out the form below and we will have a representative from our team at Residential Home Funding contact you to provide a free written pre-approval either online, over the phone, or in person.

How Much Can You Afford?


 
Our calculators will 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.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43%of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

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: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Home  |  Featured Listings  |  Rental Properties  |  Advanced Home Search  |  Email New Listings  |  Search the MLS   |  Calculators  |  Finance Your Home  |  Selling Your Home  |  Market Analysis  |  Testimonials  |  Contact Me
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

©2009-2014 Realty Executives Exceptional Realtors