The Best Mortgage Calculators On the Web! Please try our 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. Try each calculator with different interest rates, loan amounts, and payment schedules. The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 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.
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:
- Monthly Income X 28% = monthly PITI
- 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.
Self Employed >Moving And Taxes
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.
You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
|
 |
| Q |
Where is the world's tallest apartment block?
|
| A |
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
|
 See More Real Estate Trivia > |
|
|
|
Eric Burch and Ann Burch
Crye-Leike Realtors, Jonesboro Branch
2907 South Caraway
Jonesboro, AR 72401
Eric's Cell: 870.919.4968
Ann's Cell: 870.243.1332
Office: 870.268.4008
Fax: 870.931.1430
Main E-Mail: eric@ericburch.com
The name Eric Burch is synonymous with excellence in the Jonesboro real estate market. In 2006, our first year in real estate, we had 45 transactions, 4.5 million in sales and were awarded "Rookie of the Year" by the Jonesboro Board of Realtors. In 2007, we had 80 transactions, 12 million dollars in sales, named #1 in sales at the Jonesboro Branch of Crye-Leike Realtors, named "Jonesboro Local Favorite Realtor" by The Sun Newspaper, and awarded the Multi-million Dollar Sales Award. For 2008, we have set a goal to reach the 20 million dollar mark. Wouldn't you like to be a part of these numbers? Eric has definitely made a name for himself and these awards and increasing sales numbers are proof that he and his team are willing to go that extra mile for their clients. With The Eric Burch All Star Team you are not getting just one realtor. You are getting a whole team on your side.
This team consists of three realtors, a marketing specialist and a virtual assistant. Eric's wife, Ann, is a licensed realtor and works as Eric's full-time assistant and closing agent. This year we added Richard Wimberley, a licensed agent, as a buyer specialist to concentrate on the specific needs a buyer has in search for a home. And most recently, we have added Kellie Bridges as a marketing specialist to work directly with the seller. This team has proven success and is willing and able to work for you. Give us a call today!    
 
www.EricBurch.com is brought to you by
The Eric Burch All Star Team
NUMBER1EXPERT™ in real estate for
Jonesboro, Bono and Brookland, Arkansas Read The Eric Burch All Star Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
