PLATINUM REALTY
Exceeding Expectations with Quality Service |
|
|
|
|
|
|
|
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.
NOTE FOR BERMUDIANS: Debt service ratios currently used vary between 50% and 60%, depending on the financial institution you are currently working with to obtain a mortgage/loan.
Speak with your loan officer for further details.
|
|
|
|
|
|
Required
|
Optional
|
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: |
|
|
| |
| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
|
|
|
|
|
Privacy Policy & Legal Disclaimer
|
|
Copyright:
This website, its pages, and all its components (including images, audio, video, text) is copyright. No part may be reproduced, copied, transmitted in any form or by any means without the prior written permission of Platinum Realty. Disclaimer:
The content of this web site is provided for information purposes only. No claim is made as to the accuracy or authenticity of the content of this website. Information is deemed to be correct but not guaranteed. By continuing to view this site, you accept this our policy. |
|