Real Estate Columbus Home Qualification Calculator

Before continuing, Select the Interest Rate from one of the below Mortgage Programs by Pressing that interest rate button. Your selected rate will be used for all calculations.

Fixed
30 Year Conforming 30 Year Jumbo 30 Year Governmental
RatePoint RatePoint RatePoint
0 0 0
1 1 1
2 2 2
15 Year Conforming 15 Year Jumbo 15 Year Governmental
RatePoint RatePoint RatePoint
0 0 0
1 1 1
2 2 2

Adjustable
Conforming Jumbo Governmental
1 Year ARM 1 Year ARM 1 Year ARM
RatePoint RatePoint RatePoint
0 0 0
1 1 1
1.500 2 2

Balloon
5/25 7/23
RatePoint RatePoint
0 0
1 1
2 2
NOTE: Rates are subject to change without notice





Do You Qualify for the home you want ?

Don't forget to choose either Purchase or Refinance
Purchases Refinance
Sales Price $ Estimated Value $
Down Payment $
Enter amount before pressing either button 		Loan Amount $
Loan Amount $ Date Purchased


Monthly Income Monthly Housing Debt
Borrower Co-Borrower Monthly Payment (P & I) $
Base $ $ Est. Property Taxes$
Overtime $ $ Est. Property Insurance $
Commission $ $ Homeowner's Dues $
Other $ $ Monthly Mortgage Insurance$
TOTAL $ $ TOTAL (B) - Housing Debts $
Total Combined Income (A) $ Monthly Obligations
Rate % Months Revolving Debts: $
Ratios Installment Debts: $
B / A = Housing Ratio Auto Payments $
(B + C) / A = Debt Ratio Other$
TOTAL (C) - Monthly Obligations $


RESULT:





How much of a home can you afford ?

Press this button to copy all pertinent information from the above table

Down Payment (Percentage of Loan Amount you are to bring on the Closing Date)
5 % 10 % 15 % 20 %
Monthly Income Borrower Co-Borrower
Base $ $
Overtime $ $
Commission $ $
Other$ $
Total$ $
Monthly Housing Debt
Est. Property Taxes$
Est. Property Insurance $
Property Mortgage Insurance $
Homeowner's Dues $
Total $
Monthly Obligations
Revolving Debts: $
Auto Payments $
Installment Debts: $
Other $
Total $
Total Income $ Total Debts $
Rate % Months


RESULT:





NOTE: Calculations made by this financial tool is believed to be accurate, but it is not warranted.

Choose your browsers's back key to return to the Real Estate Columbus Finance page.