Puzzled About Home Financing?

The First Step in Buying a Home: Get Pre-Approved for a Mortgage

A PRE APPROVAL IS NOW REQUIRED TO SUBMIT AN OFFER ON MOST HOMES!!

CALL: Carol Ridlon FOR APPROVAL 7 days/week

RECEIVE A PRE-APPROVAL, NOT JUST A PRE-QUALIFICATION

NO MONEY DOWN PROGRAM STILL AVAILABLE

ALL CREDIT SITUATIONS (Ask me about FHA Mortgages)

1ST TIME BUYER PROGRAMS, DOWN PAYMENT ASSISTANCE

WITH A PRE APPROVAL IN HAND YOU CAN NEGOTIATE LIKE A CASH BUYER!

CALL CAROL RIDLON AND START YOUR HOME SEARCH TODAY !!!

CELL: 352-346-8728 or email at carolridlon@yahoo.com

This week's 30 year fixed rate: 3.87% Last week's 30 year fixed rate: 3.91%

(updated 2/10/12)

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

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

Puzzled About Home Financing?

How Much Can You Afford?