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:  %

Robert DeFalco Realty
1678 Hylan Blvd
Staten Island, NY 10305
Phone: 718-987-7900 Ext 229 - Fax: 718-980-9842
Cell: 646-267-8889  

Serving:
ANNADALE, ARDEN HEIGHTS, ARLINGTON, ARROCHAR, BAY TERRACE, BLOOMFIELD, BULLS HEAD, BUTLER MANOR, CASTLETONCORNER, CHARLESTON, CLIFTON, CLOVE LAKE, CONCORD, DONGAN HILLS-ABOVE HYLAN, DONGAN HILLS-BELOW HYLAN, DONGAN HILLS COLONY, ELM PARK, ELTINGVILLE, EMERSON HILL, EMERSON VALLEY, FORT WADSWORTH, GRANITEVILLE, GRANT CITY, GRASMERE, GREAT KILLS,GRYMES HILL, HEARTLAND VILLAGE, HIGH ROCK, HUGUENOT, LATOURETTE, LIGHTHOUSE HILL, Livingston, LOWER TODT HILL, MANOR HEIGHTS, MARINERS HARBOR,MIDLAND BEACH,NEW BRIGHTON, NEW DORP, NEW SPRINGVILLE, OAKWOOD, OAKWOOD - NEW DORP BEACH, OAKWOOD - NEW DORP HEIGHTS, OLD TOWN, PARK HILL, PLEASANT PLAINS, PORT RICHMOND, PRINCES BAY, RANDALL MANOR, RICHMONDTOWN, RICHMOND VALLEY, ROSEBANK, ROSSVILLE, ROYAL OAK, SE ANNADALE, SHORE ACRES, SILVER LAKE, SNUG HARBOR, SOUTH BEACH, ST GEORGE, STAPLETON, SUNNYSIDE, SUNSET HILL, TODT HILL, TOMPKINSVILLE, TOTTENVILLE, TRAVIS, WARD HILL, WEST BRIGHTON, WESTERLEIGH, WILLOWBROOK, WOODROW,

 

 Frank Selovic
Licensed Real Estate Salesperson

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