Beth Larsen, RE/MAX Sedona-Serving Sedona AZ and the Verde Valley 928-300-6986
Know your Numbers - Use these Calculators to determine your Price Range
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Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.
BEFORE you begin looking, arm yourself with this very important piece of information: how much are you COMFORTABLE spending?
An ethical and competent mortgage loan professional will take your comfort zone and personal circumstances into account. Unfortunately, some lenders just want to "make the sale". Just because you CAN qualify for a specific loan scenario doesn't mean that it will be the best fit for you, or that they have taken all of your obligations both personal and financial into account. Only YOU are qualified to make the final determination.
Prepare yourself by using the Mortgage Calculator to determine the price range and monthly payment you are comfortable with. Use the Qualifier to find out how your financial profile stacks up. The Affordability Calculator will help you determine if a home you are considering will work for you. If you are currently renting, use the Rent vs. Buy Calculator to see how much home you could afford based on your current rent.
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.
Daily National Average Mortgage Rates |
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| Loan Amount: |
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| Loan Insurance (%): |
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| Total Loan (Mortgage) Amount: |
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| Principal & Interest: |
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| Homeowners Insurance: |
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| Property Taxes: |
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| Condo Fees: |
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| Monthly Loan Insurance (%): |
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| Total Monthly Payment: |
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| Income Needed to Qualify for the Mortgage |
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| Total Monthly Loan Payment: |
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| Total Monthly Debt Payment: |
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| Monthly Loan Insurance (%): |
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| Qualifying Income of % GDS Ratio: |
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| Qualifying Income of % TDS Ratio: |
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| What You Can Afford |
| We are using the % ratio. |
| Cost of House: |
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| Down Payment: |
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| Loan Value: |
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| Monthly Principal & Interest: |
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| Monthly Insurance: |
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| Monthly Property Tax: |
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| Monthly Condo Fees: |
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Cost of House = [(Monthly income x Debt Ratio) –
monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate) |
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