Useful Real Estate Calculators

Estimate how much you can afford for a home

1. Enter your Gross annual income:	$
2. Enter your Down Payment amount:	$
3. Enter any regular monthly debt: (eg. student loan, credit card payments)	$
4. Enter the Mortgage Interest Rate:		%
5. Enter the estimated Annual Property Taxes:	$
6. Enter the estimated annual Homeowner Insurance:	$
7. Press the Calculate button

Results	Recommended Minimum Price	Recommended Maximum Price
Minimum house price:	$
Loan amount:	$
Monthly mortgage payment:	$
Taxes/homeowner insurance:	$
Total monthly payment:	$

"Affordable" home price computation is based on a total debt-to-income ratio of no more than 36 percent. Housing payment-to-income ratio is assumed at 28% for the minimum recommeded price, and 33 percent for the maximum recommended price. The calculator also assumes a 30-year mortgage term, annual property tax of $3,500 and homeowners insurance of $481 -- the national average. Other factors like private mortgage insurance, which you will owe if your downpayment is less than 20 percent of the purchase price are not included. It averages from $50 to $80 per month. Other factors including retirement and college funds should be factored in.

Estimate Monthly Mortgage Payments

Mortgage Data		Results
1. Enter the house price:		Mortgage Principle:
2. Enter the Down Payment:		Total Payments:
3. Enter the Annual Interest Rate:	%	Monthly Payment:
4. Enter the Term:	Years
5. Press the Calculate button

Calculations are based on conventional mortgage terms. Please note that the monthly mortgage payment displayed does not include insurance and/or other charges.

For information on buying or selling properties in any of these
New Jersey counties, please contact:
Eleanor Agoncillo
Tel. no.: (908) 433-7167
e-Mail: eleanorsnjhomes@yahoo.com

or use our inquiry form.

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CENTURY 21® is a registered trademark licensed to CENTURY 21 Real Estate Corporation. Each Office Is Independently Owned And Operated. Data found in this website has been compiled from multiple government and commercial sources. Century 21 or Eleanor's NJ Homes does not guarantee the accuracy or timeliness of any information on this website.

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